Arn Cenedella

Habitat for Humanity purchases their first REO in Menlo Park

Habitat for Humanity just entered into contract to purchase a home in the Belle Haven area of Menlo Park.

With the price of bank foreclosure REOs being so low, Habitat has started a program to buy existing homes, rehab them with volunteer labor and turn them over to new owner occupants.

If you have any lender contacts that handle REOs, please let me know as it might be to everyone’s benefit to have some of these REO purchased by Habitat for sale to owner occupants as opposed to selling to investors. (At the present time, most REOs are purchased by investors.)

As the exclusive buyer agent for Habitat in San Mateo County, give me a call and let’s talk.

This entry was posted on Friday, March 27th, 2009 at 5:27 pm and is filed under East Palo Alto real estate, First-time home buyers, Foreclosures, Habitat for Humanity, Inspiration. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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