The U.S. Department of Housing and Urban Development (HUD) acquires thousands of homes every year through foreclosure on properties that had Federal Housing Administration (FHA) insured mortgages. By working through a few extra steps, following established policies, and doing their own home repairs, buyers have been able to secure quality homes in good neighborhoods at prices substantially below market rate. Keeps track of a large range of government foreclosures , such as Freddie Mac foreclosures , Fannie Mae foreclosures , and VA foreclosures all with savings comparable to those found when buying a foreclosed HUD home.
HUD homes often sell for anywhere from 30% to 60% less than their market value, simply because they are foreclosures. Keeping that in mind, we have preprogrammed searches for HUD Homes in Gwinnett County by City. Only Real Estate Brokers that are certified with HUD can assist you with buying a HUD home.
A home that is purchased with an FHA loan is insured by the department of Housing and Urban Development (HUD). You must use a Selling Broker who is licensed to sell HUD Homes to represent you. A. Although HUD does not offer financing directly, some of our homes qualify for FHA-insured loans.
HUD offers an initial 15 day bidding period for buyers intending to live in the home. Call Kevin Kelly at 716-912-4483 or your agent for more information on HUD homes. Investors can bid on HUD homes on the 16th day for insured properties and on the 6th day on uninsured HUD homes.
HUD properties are often sold considerably below their market value, making them a great deal for buyers. Whether you’re buying a live-in or investment property, you’re buying smarter when you buy government houses for sale. Contact Pruitt Miller Realty Group for more details on Charlotte NC Hud homes by completing the information form or the online application below.