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HUD Homes For Sale New York
> You can get a HUD Home for as little as $1,000 down payment...
> HUD will help pay your closing costs...
> Low mortgage interest rates...
> Call Dayton Parkinson @ (347) 303.1700 for details...
___I am a HUD Reigister Agent, ePro Realtor, experienced & able to guide you through the HUD buying / bidding process & on to a successful closing.
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HUD Homes... Some Need a little work or a lot of Repairs... Some are like New !
You can typically save a lot of money by purchasing a HUD home as an owner occupant or as an invester.
HUD is aAcronym - Housing and Urban Development.
What is a HUD home? HUD homes are government foreclosed homes that were financed with FHA financing. FHA is a government backed loan and guarantees the lender the payoff in case of default by the homeowner. Basically, if the lender forecloses on the home, HUD pays the lender and HUD takes the home and then resales it.
The home may need some home improvements or it can need a lot of home improvements. Either way HUD homes are usually a great value. Serach HUD homes
HUD homes are one of my specialty areas in foreclosure houses and foreclosed real estate.
I am a registered HUD Real Estate Agent, Realtor in Long Island, NYand surrounding areas. I am familiar and knowledgeable with the process of electronic bidding, repairs/escrow (if required), financing, and inspections for HUD homes. In order to see HUD homes, HUD property, Bank foreclosure homes, VA foreclosured homes, and place a bid...you must have a registered agent. I am a HUD register Agent, experienced to guide you through the HUD process.
HUD works by electronic bidding system open to the public. Programs for owner occupants, teachers, police persons, and investors are available. New HUD home listings come on the market weekly and remain there normally 10 days for owner occupants to bid on, then the property goes on to include investors if it was not sold to owner occupant.
Once the bids are placed you will know the following day if you won the bid on your HUD home or HUD real estate property. I would then overnight all the required paperwork to HUD along with the earnest deposit. HUD works on a strict time frame during the entire process, i.e. The bidding paperwork with earnest deposit must be received within 48 hours or less or the property will be put back on market (BOM). This is just one of several other time lines.
FREE search HUD Homes in Long Island, NY on this site. Call me for assistance to locate a HUD home or follow the instructions above to see the listings of HUD homes for sale Nassau - Suffolk - Queens County and surrounding areas. Write down the address of the HUD homes you are interested in so I can provide you with additional information about the property. In most cases I can send you more pictures, plus review the property condition report and if it meets with your requirements, I can show you the home or property.
I can also assist you with your mortgage loan for financing a HUD home. Not all lenders are registered as a HUD lenders and/or may require lender repairs prior to closing, which HUD does not allow.All home improvements and repairs aredone after closing.Call me for more details.
Click here for additional information about HUD Homes or Call me, Dayton for assistance for HUD homes for sale in New York and Bank forclosures, VA forclosures, Fannie Mae, Freddie Mac forclosures: (347) 303.1700.