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Successfully Selling HUD / REO Homes & working with Distressed Sellers ~ Thursday, May 16th ~ San DiegoLIVE “Lunch & Learn” Real Estate Workshop ~ NOW & Future Business!
Be sure to attend…HUD has updated info we need to share!!!
Here are the details:
TIME: 12:00am – 2:00pm (PST)
DATE: Thursday, May 16th 2024
LOCATION: 9665 Granite Ridge Drive, Suite 210, San Diego, CA 92123
***plenty of parking, lunch will be provided
Seating is Limited ~ Register in advance for this event ~ 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 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…
“Tell me and I forget, teach me and I may remember, involve me and I learn.”
― Benjamin Franklin
The New Era of Real Estate!
Tell us about your “PROPERTY” and receive a MARKET VALUE CASH offer within 24 hours. Yes, it's that simple ~ CLICK HERE!
Make 2024 The BEST YEAR EVER!
Robert Weichelt
REO Broker/Trainer/Mentor
Certified Success® Coach
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Event Venue & Nearby Stays
WFG National Title Company - California (San Diego), 9665 Granite Ridge Drive, Suite 210,San Diego,CA,United States
