PURCHASING A HUD HOME.......IS IT THE RIGHT ROUTE FOR YOU??
Categories: Buying a Home, Lease Purchase, Financing and Mortgage, Homeownership, Local News, Rent To Own Posted Wednesday, March 04, 2009 | 21 Views |
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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 In Georgia.
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
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 neighFor additional information, please visit my website please visit my website www.AnaSellsAtlantaHomes.com or Dont Hesitate to call with your questions or concerns to my direct line 770.900.4335, or you can email me at ana.ferrera@metrobrokers.com