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HUD HOMES
What is a HUD Home?
A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.
Who can buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
How are HUD Homes sold?
All properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD. Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker's commission, if included in the contract. READ MORE (click on the link below for detailed information on HUD Homes)
Understanding HUD Homes (click on the link)
Learn what is a HUD Homes and how the sales process works.
For more information on HUD homes please contactme at 508-558-1945.
Interested on seeing all the COMMERCIAL FORECLOSURES and REGULAR SALES in your market? Not a problem. Click on Property Search and browse for partial information or sign up for FREE to receive daily updates on properties that matches your specifications w/ detailed information.
If you are looking for HUD Homes (FannieMae Foreclosures) in other counties in MA or RI or even in other States please feel free to contact me and I will be able to provide you with a list of properties in your area, along with registered Broker who can assist you with the purchase of a HUD, Bank owned or any other home.
Sincerely
Noemi Cardoso
Licensend in MA & RI
508-558-1945
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