Successfully Selling HUD Homes Tickets, Tue, Aug 27, 2019 At 10

hud homesInvesting in HUD real estate foreclosures is a great way for people to pick up homes at bargain prices. Other HUD perks: low down-payment requirements or sales allowances you can use to pay closing costs or make repairs on the HUD home—not to mention, FHA financing options. The process of buying a foreclosed HUD home varies from a conventional sale in a couple of ways, so here’s what you’ll want to know before you venture down the HUD real estate path.

FHA will waive the required minimum down payment of 3.5{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} in favor of a measly $100 when you make a full price offer on any HUD-owned foreclosure. These lower-priced, single family homes are bound to be foreclosures, so I’d simply contact the realtors for some of those listings in my preferred zip code and ask them to send me info on foreclosed homes for sale in my area.

HUD …