Avon IN HUD Homes For Sale

Island Advantage Realty is the selected and preferred HUD broker for our service area and the authority when it comes to the HUD sales process. Copyright © 2017 Coldwell Banker Hubbell BriarWood Lansing, Michigan Real Estate Company. Because HUD is motivated to provide affordable housing, it will consider offers below a foreclosed home’s market value, and often provides special discounted buyer programs for those who qualify.

And if you bid on a home, and win the bid, you should be pretty sure you want to buy it, otherwise you’ll lose your $1000 EM. In addition, HUD homes are pre-inspected and may require you to put a set amount of money in escrow to pay for repairs (i.e. new roof, pluming problems, etc.).

Purchasers must use a broker or agent who is registered with HUD to place a bid on a property. Yes, you can use any lender, however, because the …