Maui, Hawaii HUD Homes
Maui Hawaii HUD Homes., What is a Maui HUD Home?
The Federal Housing Administration (FHA) is a part of HUD the part that provides federal mortgage insurance. If a foreclosed home was purchased with a loan insured by the FHA, the lender can file a claim for the balance due on the mortgage. FHA pays the lender’s claim, then transfers ownership of the property to HUD, which sells the home.
You can view HUD listings by contacting a REALTOR at the links on HUD Homes Web site. Each state’s Internet destination is set up a little differently, so take some time to browse the search engines and layout. Maui, Hawaii HUD homes are appraised, then priced at fair market value for their location. The price of a home in need of repairs is adjusted downwards to reflect the investment the new owner must make to improve the home.
Maui County is a county located in the U.S. state of Hawaii. It consists of the islands of Maui, Kahoolawe, L?nai, Molokai (except for that portion of Molokai that is Kalawao County), and Molokini. As of the 2000 Census the population was 128,094 and the estimated population as of July 2006 was 141,320.
Maui County has a mayor-council form of municipal government. Executive authority is vested in the Mayor, elected by the voters on a non-partisan basis to a four-year term (with a limit of two consecutive full terms). Legislative authority is vested in the nine-member County Council. All seats in the County Council have residency requirements; however, all voters in Maui County may vote in elections for all nine seats regardless of residence. Members of the County Council are elected on a non-partisan basis to two-year terms (with a limit of five consecutive full terms).
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Posted by Carlos Sagastume on August 1, 2011. Filed under Featured, Hawaii HUD Homes.
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