Chris Wall
Distressed properties are either in foreclosure, bank owned or in a "short sale" situation.   A short sale occurs when a property is worth less than the outstanding mortgages on the property.  The bank/lender agrees to take less than is owed on the property to avoid foreclosure proceedings.

For a list of distressed properties currently on the market in the Louisville area contact me and I'll send you the latest deals!       

Call me now at 502-296-2987 or email

Here's a couple of testimonials from satisfied buyers that purchased distressed properties:



To Whom It May Concern:
Yes, I bought a house for $100 down, and received a $500 dollar bonus check at closing!
My name is Barbara Peterson, a new home owner!  I was in the market for a new or recently built home in the Louisville metropolitan area. I had the good fortune to choose Chris Wall as my Realtor.
He sent me listings via the Internet for me to preview, and we discussed the homes I preferred before we went to the homes for walk-throughs. He had mapped out each location, and had an individually prepared walk-though packet for each outing. He was always professional, courteous, accommodating to special requests, and of course he was in almost constant communication with us during the entire process!
One beautiful recently built home caught my attention in particular. Chris had researched the home and found that it was a HUD repossession and special financing and incentives were available for it. He discovered it was eligible for a $100 dollar down payment program, and a $500 dollars bonus for a quick closing, and HUD paid ALL of my closing costs!! It was like a dream come true for us! 
Working with the Mortgage Network (and a particular loan officer that Chris recommended) I was able to close on the home within my required time frame, received a check for $500 at closing, and received all but $300 dollars of my good faith deposit back! So in reality, THEY PAID ME to buy my new home! I netted at least a $200 profit for buying our new home!   At closing, I walked away with more than $1100!! Not only that, but my home sold for below the market value, and I purchased a home with about $32,000 in instant equity! I consider our family very lucky to have this home, and thanks to Chris Wall’s hard work, we are now living the American Dream! 

6003 Edgemont Way Shelbyville, KY    1700 SF ranch with unfinished walkout basement - 3 years old Sold in 2005 for $163,900
Sold by Chris Wall for $132,500 in December 2008   NO MONEY DOWN!!!!!   Mortgage Payment = $1003/month (includes principal, interest, taxes & insurance)


Beckley Hills Drive, Hills of Beckley Woods

FORMER MODEL HOME!   2345 SF two story with 4 bedrooms, 2.5 baths, first floor master BR, open floorplan with 2 story family room, 8 years old, 2 car attached garage.

SOLD as the model home in 2003 for $184,860. 

Bank Foreclosure April, 2009    DEAL!   DEAL!   DEAL!

SoldPrice: $177,000 DOM/CDOM: 11/11    
CloseDate: 06/12/2009 DUC: 48 SoldTerms: Conventional
ContractDate: 04/25/2009 PrjClsDate:      
SellingOff: (743) RE/MAX Properties East SellAgt: (2211) CHRIS WALL
CoSellOff: () CoSellAgt: ()



Q:  This sounds too good to be it?   
A:  No! Deals like this are available TODAY in Louisville and the surrounding counties!  The deal above was a HUD owned property.  There are HUD properties for sale in Jefferson County, Oldham County, Shelby County, Spencer County, Bullitt County, and other surrounding counties.  The homes are available in all price ranges.   Selection of homes for sale has never been better!   

Q:   Can I really buy a house with no down payment?   
A:   Yes, it can be done!  There is special financing available through the FHA for people that buy a HUD home and agree to occupy the house.   The special financing program allows buyers to put $100 as the down payment!  For a limited time there is a $500 incentive paid by HUD to those who are able to close within 30 days.   With HUD paying the closing costs and pre-paids it's possible to leave the closing table with a refund AND a house!

Q:   Do I have to have good credit?
A:   Yes, to a certain degree.  It depends on the individual, but a credit score of at least 600 will qualify you for an FHA mortgage.

Q:   What if we find a good deal on a property that is not HUD owned?
A:   The majority of homes currently for sale are NOT HUD homes.   There are lots of financing options available.  FHA mortgages are available with down payments as low as 3.5%.  Many times the seller will pay the Buyer's closing costs, so the cash required to get in a home is held to a minimum.

Q:   What do I do to get started?
A:   Follow the link above.  Start learning the inventory.  See a loan officer to arrange financing.  Call Chris & start looking!