HUD Foreclosures Are Great Investment Properties
Helpful investments consist of Housing and Urban Development properties which are offered all over the United States. HUD properties are sold to the highest bidder, due to competition you may need to offer more than the listing price. There is long list of real estate properties owned by banks and not all banks are interested in discounting properties. Buyers of HUD homes as their primary residences who make a full-price offer to HUD using FHA -insured mortgage financing receive seller concessions from HUD enabling them to use only a $100 down payment.
3. If the HUD foreclosure listing is new on the market, you will not get it for 50{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} off the list price. These homes are initially offered to owner occupant home buyers. The U.S. Department of Housing and Urban Development (HUD) announced late yesterday the recipients of just over $42 million in Housing Counseling program grants for fiscal …