What do you think of when someone says "HUD home?"  There are a few adjectives that come to mind.  Words like run down, trashed, destroyed and damaged are often used to describe HUD owned properties. 

What is a HUD Home?

A HUD home is simply a FHA-insured property that a lender has foreclosed on.  Because the previous owners couldn't make their payments, the lender files a claim with FHA for the balance due on the mortgage.  This gives ownership of the property to HUD.  HUD homes are NOT low-end housing!  They are often in move-in condition and need little or no maintenance.  HUD homes can be found in nearly every county in Georgia.  The homes are sold at market value.

Anyone who can qualify for a mortgage or who can pay cash can buy a HUD home.  All you need to do is find a HUD Registered Real Estate Agent like myself to submit your bid for you.  The agent also has access to a "master key" that allows them to show you any HUD home that interests you.

Why Should You Consider Buying a HUD Home in Georgia?

1. Special $100 Down Payment Program *

2. $1000 Buyer Sales Allowance*

3. HUD Pays 3% Closing Costs and Agent's Commission

What Now?

Now that you know what a HUD home is and the benefits to purchasing one of these homes, I hope you will consider this option when you decide to make your next home purchase.  The ultimate goal is to work together with HUD and a HUD Registered Agent and INCREASE homeownership and DECREASE vacant HUD homes in our neighborhoods! 

For additional information, please visit my website @ www.covington-homes4sale.com  (click on the HUD link) or  www.tanisha.allen.georgiamls.com.

*must use FHA financing and purchase home as owner-occupant buyer

*contract must be received and executed within 30 days of property's initial list date

Tanisha Allen

INTouch Properties Realty

(678) 427-1479

www.covington-homes4sale.com