540 Ridge Ave, Spring Lake, MI 49456

PRICE REDUCED - HUD Home - 4 Bed, 1.5 bath home on a large corner lot needing some TLC. Great location just minutes from Sp. Lake & Gr. Haven. Front entry & full bath w/ tile flooring. Living room w/ fireplace. Kitchen w/ built in cook top & oven, dishwasher & disposal. 2 main floor bedrooms. Upper level w/ half bath & 2 bedrooms w/ one having a walk thru to office/game room. Partial basement w/ laundry hook up. Large detached garage w/ extra storage. If home built before 1978 - include LBP Addendum. The City of Ferrysburg has an ordinance that requires a Change of Ownership Inspection to be completed when a property is sold. The fee is $50 and this inspection is good for 30 days. 616.842-5803. Ordering of all pre-sale inspections & payments are the responsibility of the buyer. Seller does not guarantee or warrant that the property is free of visible or hidden structural defects, termite damage, lead based paint, or any other condition that may render the property uninhabitable or otherwise unusable. A final list of repairs, if applicable, will be determined by the lender and buyer's appraisal. The repair escrow amount is the financial responsibility of the purchaser. HUD will not provide a copy of the appraisal, which is obtained for marketing purposes only. If a purchaser is securing financing, their lender will take appropriate steps to determine if they must obtain an appraisal, including reviewing Mortgage Letter 2015-17. All appraisals obtained by the lender are at the purchaser's expense, and the purchaser must pay in cash the difference between the bid amount and the appraised value. Effective for all endorsements (including pipeline applications) on and after September 14, 2015, ML 2015-17 eliminates the use of the list price of the HUD REO property in determining the maximum mortgage amount.