Acton HUD Homes
Acton HUD Homes
Acton Real Estate
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If you have the cash or can qualify for a mortgage, subject to certain restrictions, you can buy a HUD home, VA foreclosure, Bank REO. HUD employees and relatives of HUD employees are eligible, but must receive written approval from HUD.
What is a HUD Home?
HUD Homes
A single, Multy Family or any other type of residence which has been deeded back to HUD by the mortgage companies who foreclosed on an FHA Insured Mortgage in return for the FHA Insurance benifts..
Who Can Buy a HUD Home?
Anyone can buy a HUD home, have a verifiable amount of cash for the purchase or pre-approved for a mortgage.
How Can You Buy a HUD Home?
HUD homes are for sale at market value and can only be bought through a REALTOR approved by the U.S. Department of Housing and Urban Development. Bids can be submitted any day of the week. All submitted bids are reviewed, the highest net bid is accepted. If there is no acceptable bid, the home becomes open to new bidding until sold
A real estate agent must submit your bid for you. HUD Homes are sold in an "Offer Period." At the end of the Offer Period, all offers are review 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. If your bid is acceptable to HUD, your real estate agent will be notified, usually within 24 hours.