Yes, Core Properties can buy eligible Fannie Mae HomePath properties in St. Louis, Missouri. HomePath properties are homes owned by Fannie Mae and offered for sale through the HomePath process. We can review an available HomePath property, its condition, asking price and applicable sale requirements and determine whether it makes sense for us to submit an offer. Fannie Mae requires HomePath offers to be submitted through its established offer process, so the specific property requirements need to be followed.

Yes, Core Properties can buy eligible HUD homes in St. Louis when the property is available to investors and the sale terms allow it. HUD homes are government-owned properties acquired through foreclosure or other means involving FHA-insured mortgages. HUD sells these properties through its established sales process, and properties that remain unsold after the applicable exclusive period can become available to investors.

Yes, Core Properties can purchase HUD REO properties as an investor when the particular property is available to investors. HUD does not make every property immediately available to investors because many HUD homes initially have an exclusive sales period for owner-occupant purchasers. Once the applicable period has passed, an eligible unsold property can become available to all interested buyers, including investors.

Yes, we can consider Fannie Mae REO and HomePath properties that need repairs or updating. HUD homes are explicitly sold in their as-is condition, and REO properties can require repairs or rehabilitation. At Core Properties, we look at the property's current condition, location, purchase price and expected costs before deciding whether to make an offer. We are experienced in buying houses that need work and do not require a property to be move-in ready for us to consider it.

Yes, Core Properties can purchase eligible HUD foreclosure properties in St. Louis for cash. HUD REO properties are homes that have come into HUD's ownership following foreclosure or another acquisition involving an FHA-insured mortgage. If a specific property is available for investor purchase and the terms work for us, we can submit an offer and purchase the property without relying on traditional buyer financing.

Yes, we can buy eligible HomePath and HUD properties in their existing condition, subject to the seller's specific terms and requirements. HUD specifically states that HUD homes are sold as-is and that HUD does not warrant the property's condition or pay for repairs. Fannie Mae's HomePath process also requires buyers to review the property and complete the applicable offer and closing requirements. Core Properties evaluates the condition and numbers before deciding whether a particular property is a good fit for a cash purchase.

Yes, a fixer-upper can be a property Core Properties considers buying. We buy houses that need repairs, renovation or updating, and a HomePath or HUD property does not have to be fully renovated for us to evaluate it. We look at the purchase price, location, condition, estimated repairs and other costs involved in the transaction. If the numbers work and the property's sale restrictions allow us to purchase it, Core Properties can submit an offer and buy it for cash.