How To Buy A HUD Home:
I'm currently helping a buyer purchase a HUD property. This process is similar to a foreclosure & is very different than purchasing a home that's being sold by a private owner. There are some misconceptions out there, so here are some things to remember:
- You must be pre-approved (this is a mandate across the board regardless of what kind of home you're pursuing.)
- Owner-occupied bidders receive the first priority.
- You do not have to finance a HUD home with an FHA loan.
- HUD homes are sold "as-is."
- Your bid/offer must be accompanied with the appropriate earnest money in the form of a cashier’s check or money order.
- Your earnest money check should be made payable to the escrow account of your HUD registered real estate broker.
Whether it's a HUD home or any type of property - I'm always here & happy to help!
Katina Hunter
Katina.Hunter@PittsburghMoves.com
814-777-3186
www.KatinaHunter.net
