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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
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