HUD homes are now offered at great prices. HUD has many programs including priority for owner occupants. Many HUD homes are in move in condition. Some HUD homes need a lot of work. HUD homes are offered for sale in MLS and also at the HUD HOME STORE.
Owner occupants have the right to purchase HUD homes in the first 30 days. After the 30 days is up investors can place a bid on a HUD home. Some HUD homes are insured , which means that FHA will offer a loan on these homes. Other HUD homes are sold in “as is condition” and may not be financed.
Investors can see the daily opportunities that hit the market. Hud homes and Bank Reo Properties are the best opportunities to search for substantial equity on homes.
By watching the daily inventory and tracking Bank owned property one can find these unique opportunities.
