What is a HUD Property?

03.05.2009

What is a Hud Property?

HUD owned properties are FHA foreclosures that HUD is placing up for bid to the public. The HUD property bidding process is not as intimidating as one might think. The key is to find a HUD TRAINED real estate professional like myself. I have been through the HUD provided training course and have processed several HUD offers and closings. Aligning yourself with an experienced real estate professional is more then half the battle when it comes to winning HUD bids. My advise is simple……call me! You can check out the www.pryamidrealestate.com website for new posting each Friday or call me to be put on the list to be emailed new postings and price changes once or twice a week. Sounds easy right? That’s because it is. Let me put my experience to work for you. There are a lot of tricks to the trade that I have learned ONLY by doing these offers and closings! Did you know that there are loan programs that will allow for up to $35,000 in repairs to a property? Did you know that FHA buyers in Kentucky can buy HUD properties for $100 down NOT the 3.5% that everyone else has to put down!!! Did you know HUD provides an FHA appraisal so you don’t have to pay for one!!! So let’s break it down. You are buying a property for sometimes more then 80% of it’s value, you only have to put $100 down, and HUD picks up the tab on the appraisal! Why haven’t you called me yet? Julie Moore, Betty Seay Team 502-349-0051 office 502-507-5151 cell