About this Event
LIVE Real Estate Workshop!
Here are the details:
TIME: 3:00PM - 4:00PM (PT)
DATE: Thursday , January 23, 2025
LOCATION: ZOOM - https://us02web.zoom.us/j/81106407898
RSVP TODAY!!!
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, 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 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…
Event Venue
Online
USD 0.00