What is a HUD Home?A HUD home is a property that has beenlost by a previous owner in foreclosureor a property that an owner has given backto the lender with a deed in lieu of What is a HUD Homeforeclosure. HUD homes large inventory isoffered to home buyers, non-profits andinvestors. A HUD home buyer does not haveto be a first-time homebuyer or low income.
HUD Homes Expand Homeownershipand Revitalize Neighborhoods
Owner Occupants•Given priority in bidding during certain cycles of listing process.•Must occupy house as primary residence for one year.•Cannot participate in HUD sales for two years after purchase.Good Neighbor Next Door•Police officers, firefighters, emergency medical technicians, and teachers•50% discount on list price•Eligible properties located in designated Revitalization Areas•Must occupy house as sole residence for three yearsInvestors•Cannot bid until Day 31 in initial sales cycle.•No restriction on quantity.Government Agencies and Nonprofit Agencies•NAID number (Name Address Identifier)•Access to "First Look" program.
Bob Elliot – Realtor®25 Years Local Industry Experience612 578 email@example.com.MinnesotaRealEstateToday.comRES RealtyBurnsville, MN 55337