Benefits of Buying a HUD Home - Marshall Carrasco Reno, NV  Short Sale Expert
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Benefits of Buying a HUD Home - Marshall Carrasco Reno, NV Short Sale Expert

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Marshall Carrasco Reno's #1 Short Sell Expert www.renohelp.org. Benefits of Buying HUD Homes

Marshall Carrasco Reno's #1 Short Sell Expert www.renohelp.org. Benefits of Buying HUD Homes

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Benefits of Buying a HUD Home - Marshall Carrasco Reno, NV  Short Sale Expert Benefits of Buying a HUD Home - Marshall Carrasco Reno, NV Short Sale Expert Presentation Transcript

  • Benefits of Buying a HUD Home Call : 775-525-1205 www.renohelp.org
  • A U.S. Department of Housing and Urban Development (HUD) home is a1-to-4 unit residential property acquired by HUD as a result of aforeclosure action on an FHA-insured mortgage. Call : 775-525-1205 www.renohelp.org
  • HUD becomes the property owner and offers it for sale to recover theloss on the foreclosure claim. Call : 775-525-1205 www.renohelp.org
  • HUD Home Store is the listing site for HUD real estate owned (REO)single-family properties.This new site provides the public, brokers, state and local governmentsand nonprofit organizations a centralized location to search the inventoryof HUD properties for sale. Call : 775-525-1205 www.renohelp.org
  • Who Can Buy a HUD Home?Almost anyone! If you have the cash or can qualify for a loan (subject tocertain restrictions) you may buy a HUD Home. Call : 775-525-1205 www.renohelp.org
  • HUD Homes are initially offered to owner-occupant purchasers (peoplewho are buying the home as their primary residence).Following the priority period for owner occupants, unsold properties areavailable to all buyers, including investors. Call : 775-525-1205 www.renohelp.org
  • If you are an evacuee displaced by Hurricane Katrina, Rita or Wilma, youmay be eligible to purchase a HUD Home at a discounted price. Call : 775-525-1205 www.renohelp.org
  • Benefits of Buying HUD HomesAccording to HUD, some benefits to buying HUD homes include:• A real estate broker will prepare and submit your offer and deposit for you without charging you.• HUD pays up to 5 percent of the closing costs, saving you thousands.• You can move in faster if you purchase a HUD home eligible for FHA-insured mortgage because it has already been appraised.• HUD homes may be eligible for repair loans built into the mortgage and buyers may qualify for 3 percent down payments. Call : 775-525-1205 www.renohelp.org
  • Neighbor Next Door Special Programs Available• Buying a home through HUDs Good Neighbor Next Door initiative is designed to encourage renewal of revitalization areas by providing an opportunity for law enforcement officers, firefighters, emergency medical technicians and teachers to purchase homes in these communities.• HUD provides a substantial incentive in the form of a 50% discount off the list price of eligible properties. Call : 775-525-1205 www.renohelp.org
  • Nonprofits Special Programs Available• The Federal Housing Administration (FHA) offers community and faith based nonprofit organizations the opportunity to purchase HUD homes at discounts up to 30%.• With this discount, local nonprofit organizations invest in their communities through property rehabilitation and resell to first-time homebuyers and low to moderate income families. Call : 775-525-1205 www.renohelp.org
  • Dollar Homes Special Programs Available• HUDs Dollar Homes initiative helps local governments to foster housing opportunities for low to moderate income families and address specific community needs by offering them the opportunity to purchase qualified HUD-owned homes for $1 each.• Dollar Homes are single-family homes that are acquired by the Federal Housing Administration (FHA) as a result of foreclosure. Call : 775-525-1205 www.renohelp.org
  • Contact MARSHALL CARRASCO Twitter Facebook LinkedIn Email 9740 S. McCarran Blvd #103, Reno, NV 89523 Call Us : 775-525-1205 www.renohelp.org