Seminar to be held by Community Bank of Oak Park River Forest

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By Shawn Gilley

Contributor

Contributed by Community Bank of Oak Park River Forest

Sponsored by Community Bank of Oak Park River Forest, a seminar entitled Purchasing and Financing HUD Foreclosed Homes will take place on Saturday, July 23, from 9:30 a.m. to 12:00 noon. The seminar will be held at Christ the King Jesuit College Prep High School, 5088 W. Jackson Blvd., Chicago. This free seminar is for those interested in purchasing a HUD foreclosed home, and the information provided will help individuals find their way through this complicated process.

The real estate market is facing many challenges, and more homes are currently in foreclosure than ever before. While the housing market is weak, this also provides opportunities for those who can take advantage of these conditions by purchasing a foreclosed home. This seminar will provide valuable information on how to obtain a loan and purchase a foreclosed home from HUD. Featured speakers will discuss how to navigate HUD's foreclosure web site, tips on how to bid on HUD homes, rules for bidding, HUD's owner occupant priority, and special tips on post contract inspections. Speakers will also be on hand to discuss how FHA loans differ from other home loans, differences between a straight FHA loan and FHA renovation loan, qualifications to obtain a FHA loan, and financing a foreclosure with a FHA loan.

This seminar is sponsored by Community Bank of Oak Park River Forest, State Representative LaShawn K. Ford, Arthur Cirignani – CCIM, Chicago Realty Partners Ltd., and Ford Desired Real Estate, Inc.

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