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Casual Articles - HUD Homes for Sale-Five Things Home Buyers Needs to Know Before Making a Bid
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HUD assigns the HUD house to a Management and Marketing Contractor. The M&M contractor has cleaned it up the HUD house and had it appraised by a FHA appraiser.
The rules for buying HUD homes for sale are different for home buyers (HUD calls them Owner-Occupants) and investors. This article is written for home buyers, not investors, and I will discus the things they should know before making a bid on a HUD house.
1. Who can buy a HUD home for sale? Almost any one can buy HUD homes for sale along as you can get a mortgage or have cash. There are no re
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The rules for buying HUD homes for sale are different for home buyers (HUD calls them Owner-Occupants) and investors. This article is written for home buyers, not investors, and I will discus the things they should know before making a bid on a HUD house.
1. Who can buy a HUD home for sale? Almost any one can buy HUD homes for sale along as you can get a mortgage or have cash. There are no r
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1. Who can buy a HUD home for sale? Almost any one can buy HUD homes for sale along as you can get a mortgage or have cash. There are no r
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2. Loan pre-approval. You will need a pre-qualification letter from a lender or proof of cash funds in the amount greater than the property that you are buying. HUD will not do a HUD home loan to purchase a HUD home for sale. It is your responsibility to make your own financing arrangements.
3. HUD houses for sale are sold in “AS-IS” condition. All HUD home listings are sold in “As-Is” condition and HUD will not do any repairs. They do provide a Property Condition Report on some HUD
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