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finding gov repossessed homes |
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How do you find government-repossessed homes in the Hollywood Beach Florida area?
The U.S. Department of Housing and Urban Development acquires properties from lenders who foreclose on mortgages insured by HUD. These properties are available for sale to both homeowner-occupants and investors.
You can only purchase HUD-owned properties. HUD will pay the broker's commission up to 6 percent of the sales price.
Down payments vary depending on whether the property is eligible for
FHA insurance. If not, payments range from the conventional market's 5
to 20 percent.
One caution. HUD homes are sold "as is," meaning limited repairs have
been made made but no structural or mechanical warranties are implied.
Questions about Hollywood Beach Florida Real Estate?
Ask us below or Call us Now at 954.668.9056
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Last Updated ( Thursday, 04 September 2008 )
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Contact Information
Sue Weaver Coral Shores Realty 1948 Harrison St. Hollywood, FL, 33020
Office: 954.668.9056
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