LIVE Lunch & Learn ~ Successfully Selling HUD & REO Homes

Thu Sep 28 2023 at 12:00 pm to 02:00 pm

6166 Loukelton Circle | San Diego

Weichelt Group eXp Realty
Publisher/HostWeichelt Group eXp Realty
LIVE Lunch & Learn ~ Successfully Selling HUD & REO Homes
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LIVE Real Estate Workshop ~ NOW & Future Business!
About this Event
LIVE “Lunch & Learn” Real Estate Workshop ~ NOW & Future Business!

Here are the details:

TIME: 12:00pm – 2:00pm (PST)

DATE: Thursday, September 28th 2023

LOCATION: 6166 Loukelton Circle, San Diego, CA 92120

***this is a private residence with plenty of parking, lunch will be provided


Event Photos
What is a HUD Home?

Definition: a one-to-four unit single- family residence acquired as a result of a foreclosure on an FHA-insured mortgage

Offered for sale at fair market value, based on a recent appraisal

Vary in price, location, and condition

• HUD Homes for sale throughout the state

• Some are move-in ready, while others are not

…Sold As Is…

Benefits of Buying HUD Homes
  • HUD will pay up to 3% of buyers closing cost (must be negotiated in the contract) – Owner Occupants Only
  • If Condo or townhome, project approval is not required (only on HUD Homes) Per Mortgagee Letter ML 2016-13 which extended ML 2012-18 that replaced ML 11-22
  • ML 11-22 and the Condominium Project Approval and Processing Guide updated, clarified, consolidated, and replaced ML 2009-46 B which stated HUD REO condos are exempt from project approval
  • IE finance types have the option of doing an FHA standard loan with escrow repair
  • Owner Occupant priority bidding period
  • Low EMD ($500, $1,000 or $2,000)

Join us for the NEXT Real Estate Market…

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Event Venue & Nearby Stays

6166 Loukelton Circle, 6166 Loukelton Circle, San Diego, United States

Tickets

USD 0.00

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