Charlotte University, Ballantyne And Lake Norman Homes
When a homeowner with a Federal Housing Administration (FHA) insured mortgage can’t meet the payments, the lender forecloses on the home; FHA pays the lender what is owed; and then the United States Department of Housing and Urban Development (HUD) takes ownership of the home. If you are paying cash for a HUD owned home you will be required to provide proof of funds sufficient to purchase the property. Buyers are very strongly encouraged to have homes inspected by a qualified home inspection company to satisfy themselves as to the condition of the property at the time of sale.
On some aged assets, investors are getting HUD homes at 50 percent or less of the list price. Search all HUD homes available in Indianapolis and contact us for more information about buying a HUD home @ 317-732-2319. Mr. Kelly noted that HUD does have methods for checking on the residency …