Tag: greenville

HUD Homes For Sale Greenville SC

The Federal Housing Administration (FHA) is the organization of the U.S. Department of Housing and Urban Development (HUD) that insures certain mortgage loans for lenders. HUD will pay a 6 percent sales commission to agents involved in the sale, whether sold through a broker or sold by HUD directly. A HUD home is classified as a 1 to 4 unit residential property that was acquired by HUD through a foreclosure or short sale of a FHA-insured mortgage. In some instances, there are deals allowing buyers substantial savings which make HUD homes a viable source for any home buyer.hud homes for sale

While paying in cash is not required, having your financing arranged without HUD is. HUD will not be required to arrange or carry financing themselves. Today, William Raveis Real Estate, Mortgage & Insurance maintains the largest database of Cornwl-On-Hud New York homes for sale and has a network of 85 sales offices and 3,500 sales associates and/or Realtors. The homeowner could not make the payments for whatever reasons and the lender foreclosed on it. HUD then reimburses the lender for what is owed to the lender and HUD takes ownership of the property.hud homes for sale

The Federal Housing Administration (FHA) is a part of …