Tag: creegan

How To Buy HUD Homes Creegan Property Group

Cityside has combined with Hudson & Marshall to offer several HUD homes in an H&M Online auction April 28 – 30 2014. You may be able to pick up HUD homes at a significant discount, because these properties have already been offered for sale ‘ that foreclosure auction ‘ and no one bought them. Mr. Kelly noted that HUD does have methods for checking on the residency requirement and has prosecuted buyers who knowingly violated that rule. A. Although HUD does not offer financing directly, some of our homes qualify for FHA-insured loans.

HUD provides a substantial incentive in the form of a 50{3ccbf39bf18a87e388b3f4193f95a13b24c476b983824f2c5b3d71c7881ec1c7} discount off the list price of eligible properties. HUD foreclosures are sold using a bidding process, and you must hire a licensed real estate agent to assist you with process. HUD homes aren’t listed on conventional real estate websites, and can instead be found at , where you can shop for homes by state or ZIP code. Once the money has been given, the lender will receive an insurance policy from HUD that protects its financial interest.

This information has been backed by several asset companies and listing managers in the regional & local REO industry, …