Are Bank Foreclosures Better Than Other Types Of Foreclosed Homes?
What is a HUD foreclosures? HUD homes vary in price, location, and condition. The rules for buying HUD homes for sale are different for home buyers (HUD calls them Owner-Occupants) and investors. Consulting a local real estate agent can help you ensure you’re making a good investment. 1. Finding a Real Estate Agent.
HUD homes are also appealing because they can be purchased through an HUD-approved real estate agent, who can guide the buyer through the process. Many properties are only available for what is called the “priority period” to buyers who will use them as primary residences.
Your best option is to find a strong local agent or Realtor right here on Bigger Pockets to help you submit your bids. Anyone who is pre-qualified for a mortgage loan may offer to purchase a HUD home. The Miami real estate agent will work with you in preparing all pertinent paperwork …