Welcome to William Raveis Real Estate, Mortgage & Insurance, the largest family-owned company in the Northeast serving Cornwl-On-Hud New York. So, people looking to live in the home they’re buying as a primary residence are given a short priority period to place bids on HUD homes. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence).
With our listings of HUD homes for sale in the Dallas County area, in no-time-at-all, you will be realizing your new dreams. This is an overview and certainly not all there is to know about buying a HUD home. If you have any questions or are interested in getting a HUD home, I would check out The Lenders Network, they will be able to refer you to a few lenders that can help.
As far as valuing the property, a hud home will be for sale in the investor period for either 5 or 15 days and that gives you plenty of time to value it. One of the great parts about buying real estate from HUD is that HUD is also a mortgage lender, so many buyers choose to make the process easier by buying a home and securing financing from the same source.
While foreclosure has gained an especially negative connotation since millions of Americans lost their homes during the recession ‘s subprime mortgage debacle, buying a HUD home can be a positive experience as well as a great deal. The buyer is also encouraged to have a professional home inspection performed with the utilities activated, AFTER the contract has been accepted and signed by HUD.
HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business.