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a. Owned by Department of Housing and Urban Development
2) Who can buy a HUD Home
a. Anyone , First Time Home Buyers, Investors
b. Must not work or be a vendor for HUD
3) How Long Does it take to Buy a HUD Home
a. Process very similar to buying any other real estate purchase
4) Where can we find HUD homes for sale?
a. www.HUDHomeStore.com
b. HUD Homes are Pre-Inspected and you can view the inspection report online at HUDHomeStore.com
c. www.HUDPemco.com
5) How Does a Buyer Purchase a HUD Home?
i. Pre qualified to obtain a loan
ii. Getting with a Broker who is trained & approved to sell HUD homes and who has a NAID number
iii. Online bidding process
iv. Offer Approval
v. Written Documents and deposit submitted to HUD
vi. Buyer Turns on Utilities to do Inspection
vii. Appraiser conducts inspection
viii. Attend the closing
ix. You are a Homeowner!!!!
6) What Special Discounts and Loan Down Payment Programs?
a. Good Neighbor Next Door
i. Up to 50% Discounts on homes during a lottery period to certain professions: Teachers, First Responders in revitalization areas.
b. HUD Offer Specials $100 Down Incentive
c. Loan programs where you can buy a HUD Home for a little as $1000 down
d. Loan programs where you can finance any needed repairs or upgrades into your loan
7) How can I find out more on How to buy a HUD Home?
a. Download your free report
b. www.HowtoBuyaColoradoHUDHome.com
c. Call: 719 301-3440