Tag: purchasing

Purchasing Foreclosures

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HUD homes are residential properties that have been foreclosed following defaults on their FHA-guaranteed mortgage loans. You will receive a FREE, No Obligation email list of ALL the current HUD homes in your desired price range and location. This is a blog about Buying HUD Homes, not living rent free or collecting rent from your foreclosed house. HUD does have a program available called the 203(K) loan program, which loans money to buyers of HUD homes in order to make needed repairs.hud homeshud homes

Therefore HUD WANTS to sell the home and get it off their non-performing assets roster. If you need a house for luxury, Go ahead and rent one for the next couple of years. With an open and informed mind, you could get a great housing deal with a HUD home. HUD also furnishes technical and professional help in planning, developing, and managing these developments.

HUD foreclosures are sold …

Purchasing Foreclosed Homes

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HUD homes are often dismissed, even by veteran real estate investors because they are misunderstood or investors have been so spoilt or used to acquiring other properties they haven’t needed to pursue them. As far as valuing the property, a hud home will be for sale in the investor period for either 5 or 15 days and that gives you plenty of time to value it. You can get huge bargains, it all depends on what state you’re in. With the other government homes you can get a great buy but not as good as with a HUD home.

The bidding is fair and with good strategy and an experienced HUD Approved Broker will help you win the bid without over bidding. Track the Bid Results to give you an idea if bids are going over price or below price, just remember that the price posted is net to HUD …

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