HUD Homes Wenatchee,
Many real estate agents question how to advertise HUD Homes for Sale and if it’s allowed by agents? HUD defines a one-to-four unit property as either a single-family, duplex, triplex or fourplex. A HUD Home is a one-to-four unit single-family residence, condominium or townhome that has been conveyed to HUD by the lender as a result of foreclosure when the borrower defaults on the FHA-insured loan.
Additionally, NAID-certified real estate agents (agents with name and address identification), can help buyers target the most attractive homes in an area. In some instances that process can include the possibility of the new owner assuming the existing FHA insured loan on the HUD home.
Perspective purchasers MUST be accompanied by a broker or agent when viewing any HUD home listed for sale. The owner defaulted on their HUD Insured loan and the house entered into foreclosure. When a HUD homes goes under contract, …