HUD owned homes in Indianapolis offer buyers an opportunity to buy a home at discounted prices. The Los Angeles foreclosure rates show that there is a substantial number of HUD homes that one can buy as an investment. Home buyer education counseling is also a requirement and can be obtained through a HUD approved counseling agency. A HUD Home is an FHA insured mortgage that has gone into default, meaning the bank has foreclosed on the property.
You can preview and then submit bids on HUD homes only through HUD-approved real estate brokers. This program, called the Good Neighbor Next Door, provides teachers, police officers, firefighters, and EMTs with a 50% discount off the list price of eligible HUD homes.
While you can gather a lot of information and locations of foreclosed homes during the free trial, you will not have access to the new homes that are added to the list after your free trial expires. HUD home foreclosures on the Internet are maintained by various management companies all under contract with HUD.
Make Several copies of your list, more than likely you will be visiting several homes and after 2 or 3 houses they start blending together. In this article I will be explaining the $100 down payment program offered by HUD for Owner Occupants to purchase a home.
I already have my own copy and for anyone interested in successful HUD investments, HUD HOMES FOR SALE is a Guide that will withstand the test of time. HUD opens bids on the next business day after the 5 day owner occupant bid period is over. If the home you’d like to see is in your area, you can also contact your preferred local real estate broker and ask if the office is approved to show HUD homes.