 |
House Opportunities
from the Department of Housing and Urban Development.
|
What is a HUD property?
When someone with a HUD insured mortgage can't meet the payments,
the lender forecloses on the home; HUD pays the lender what
is owed; and HUD takes ownership of the home. Then the Department
of Housing and Urban Development sells it at market value
as quickly as possible.
Serrano Properties Inc. is approved by the state of California
to assist you buy a HUD property. Most HUD Homes are initially
offered on a priority basis to owner occupant purchasers (people
who are buying the home as their primary residence). If you
think you qualify, we can help you find the property that
best meets your needs and save you some money in the process.
During you initial interview we'll gather the information
we need to process the paperwork and start submitting bids
in your behalf. Normally, HUD Homes are sold in an "Offer
Period." At the end of the Offer Period, all offers are
opened and, the highest reasonable bid is accepted. If the
home isn't sold in the initial Offer Period, you can submit
a bid until the home is sold. Bids can be submitted any day
of the week, including weekends and holidays. They will be
opened the next business day. If your bid is acceptable to
HUD, Serrano Properties Inc. will be notified, usually within
48 hours.
Please call Us to schedule an appointment at your convenience
or simply fill out the form below. HUD Properties are very
hot because of the many benefits and saving money factors.
Remember, in Real Estate time really is money!
To be contacted about HUD opportunities, please send your
contact request and
one of our Realtors® will contact you shortly.
|
