HUD FORCLOSURES

Posted by Julie Dubros Visit My Blog

HUD FORCLOSURES are a great investment for any home buyer. HUD homes are sold "as is"; they will not do any repairs. HUD often sets up an escrow account for repairs. After closing, the buyer must complete the repairs and submit all reciepts to the title company to be reimbursed for out of pocket expenses. HUD awards the home to the highest bidder.Generally, these homes are prices 15-25% priced below market value. If you want to purchase a HUD forclosure, get your financing lined up, they will not look at your contract without a pre-approval letter.

Categories: Foreclosures & Investments

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Julie Dubros

Martin Real Estate LLC

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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.

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