If you’re thinking of investing in real estate then, foreclosed homes are the best option. Once the buyer has obtained a pre-approval or verification of funds, the buyer should find a HUD Registered Agent, who can help the buyer find an appropriate property and submit a bid on it. All buyers must submit their bids online through a registered real estate agent.
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If a home buyer is going to live in the purchased property, or if the home buyer is a police officer, teacher, fire fighter or emergency technician then HUD will give priority to these buyers of foreclosed homes as part of the HUD Good Neighbor plan.
In addition to offering America’s largest and most accurate searchable database of foreclosed properties, provides you with helpful links and resources to help you learn everything you need to know about the foreclosure process and buying a HUD home.
HUD will pay up to 3% of the purchase price in closing costs that are considered to be reasonable and customary in the jurisdiction where the property is located HUD does not pay any closing costs or commissions on Good Neighbor Next Door (GNND) properties.