Student Design & Planning Competition
Learn the answers to the most frequently asked questions regarding the purchase of HUD homes. HUD will pay up to 5{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} of the purchase price for certain Buyers’ closing costs. A realtor with experience investing and improving HUD foreclosures would be ideal. Yet there are circumstances where the home owner just cannot keep their homes and the homes becomes the property of HUD.
When they do fail, HUD attempts to sell the assets at reduced market prices, hoping to redeem at least some of their money. The buyer will be required to sign, along with selling agent, a Certification that they will live in the home for 12 months and have not purchased another HUD home for the last 24 months.
You probably think all you have to do is called any real estate agent or one that you have used in the past. Or just a real estate agent …