Learn How to Buy a HUD Owned Home.
HUD Foreclosures For Sale
Department of Housing and Urban Development (HUD) residential foreclosures are available throughout the United States. The sales process for purchasing a HUD home isn't quite the same as you'll encounter when buying a home from an individual, so take a few notes before you go home shopping.
What is a HUD home?
The Federal Housing Administration (FHA) is a part of HUD--the part that provides federal mortgage insurance. If a foreclosed home was purchased with a loan insured by the FHA, the lender can file a claim for the balance due on the mortgage. FHA pays the lender's claim, then transfers ownership of the property to HUD, which sells the home.
How much do HUD homes cost?
HUD homes are appraised, then priced at fair market value for their location. The price of a home in need of repairs is adjusted downwards to reflect the investment the new owner must make to improve the home.
What will I learn during this webinar?
During this brief webinar, you will learn the following items:
- How to locate HUD owned homes for sale and save thousands.
- How to qualify for financing HUD homes with only 3.5% down payment.
- How to buy a home for 50% of list price with the Good Neighbor Next Door Program.
- Tips and tricks for getting your offer accepted.
REGISTER TODAY. SPACES ARE LIMITED.
When & Where
HUD Approved Local Listing Broker
Real Estate Brokerage
3970 Atlantic Ave., Suite 210
Long Beach, CA 90807