A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.
Who can buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
If you are an evacuee displaced by Hurricane Katrina, Rita or Wilma, HUD could sell a HUD home at a discount to you!
How are HUD Homes sold?
All properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD. Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker's commission, if included in the contract.
Are there any special programs?
Properties in designated areas are available at a reduced sales price to law enforcement officers, teachers, firefighters, emergency medical technicians, nonprofits and local governments. Read more about these Good Neighbor Initiatives.
Should I get a home inspection?
We encourage you to get an inspection after your offer is accepted. All HUD Homes are sold AS-IS, without warranty. HUD will not make repairs nor pay to correct any problems.
What about financing?
Although HUD does not offer financing directly, some of our homes qualify for FHA-insured loans. Shop around for a lender to find the best loan terms. Find out how an FHA loan can help you.
I want to invite all residence of King county to view our great new website that is exclusive to Western Washington. Please Visit www.FreeNorthWestREO.com to view Free Foreclosure lists for Western Washington. Counties included are King,Kitsap,Mason,Pierce and Snohomish.
Dinah Griffey and I have put together a great user friendly REO website. It is free to use and search for any Foreclosure in your area. We have also included a list of Government Owned Homes ( HUD ). We are registered agents to sell and show HUD homes. Call us today if you are interested in any of the information found on our Web Site at www.FreeNorthWestREO.com
These are photo's of my youngest two children and I enjoy the park that is located across the street from Lake Anderson. LakeLand Village community offers so much more than just a Golf Course. I love to put my kids in the double jogger and run to the park. Lucky for me it's not too far because the 4 almost 5 year old is a load!
I was in Tacoma the other day and drove by this strange building. As I past by it read Museum of Glass. Oh I get it now. I visited their website and here is what they had to say.
The Museum of Glass is a hot destination. Come experience our exhibitions with work by world-renowned contemporary artists and be enthralled by artists in the Hot Shop making artwork from molten glass right before your eyes.
General admission is $10, and hours vary between winter and summer. Current hours are: Open Wednesday through Saturday 10am to 5pm, Third Thursdays 10am to 8pm, Sunday 12pm to 5pm.
Find out about admissions discounts and summer/winter hours »
Visit them at www.museumofglass.com
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Currently specializing in Foreclosures,Short-Sales and Bank Owned properties.
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