HUD Homes At Half Price
Investors can find great financial opportunities in researching and purchasing homes that have been foreclosed upon. Or, the lender may “cash in” on its FHA insurance policy and turn the property over to HUD. As soon as you have won a bid you have 24 Hours to have the signed sales contract and all paperwork turned into the HUD office. In fact, real estate officials involved with HUD sales emphasize that HUD home buyers should be acutely aware of the many problems that could surface with a HUD home.
Only a real estate agent representing you can make an offer on a HUD home. The Federal Government has several options for financing under which the HUD (Housing Urban Department) issues home loans to individuals for their property. HUD Homes have become viable investments since these homes can be found 30-50{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} below market value.
Everybody knows about FHA mortgages, but many …