Homes For Sale Flagstaff AZ
A HUD owned home is a property that has gone through the entire foreclosure process and is now owned by HUD. In the event of a foreclosure, HUD will have to sell the defaulted property in order to get back the money lost on the loan. Perspective purchasers MUST be accompanied by a broker or agent when viewing any HUD home listed for sale. As a HUD-registered Idaho real estate broker for many years, few agents are more qualified to help you through the process of buying HUD Homes.
Just call (405) 694-8537, and let us know the street address of the property you would like to take a look at, and we will use our special HUD key to open the property for you. Any individual who can qualify for a mortgage or who can pay cash may purchase a HUD home.
Find Properties that match your search criteria and receive notifications when new homes hit the market. To purchase a HUD owned home you must work with a HUD registered real estate broker that can put in a bid on a home for you. So when HUD takes over a home it doesn’t just sell it off immediately for whatever the market will bear.
Prior to actually looking at homes or placing a bid, it is very important to be prequalified for a FHA or other mortgage by a local lender. The advantage of buying a HUD home is there are various financing programs that are available to buyers of HUD homes.
Uninsured HUD homes will not qualify for FHA loans, because they have more than $5,000 in repairs needed. Horizon Realty can provide you an experienced Realtor who understands the entire HUD process. Other HUD homes are available for half price to policeman, firefighters, teachers and paramedics.