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Contact Information |
Brad White Coldwell Banker Ed Schlitt 1209 US Hwy 1 Sebastian, FL, 32958
Office: 772-388-6261 Cell: 772-766-2521 Fax: 888-641-9818
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finding gov repossessed homes |
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How do you find government-repossessed homes in the Vero Beach Florida area?
The U.S. Department of Housing and Urban Development acquires properties from lenders who foreclose on mortgages insured by HUD. These properties are available for sale to both homeowner-occupants and investors.
You can only purchase HUD-owned properties. HUD will pay the broker's commission up to 6 percent of the sales price.
Down payments vary depending on whether the property is eligible for
FHA insurance. If not, payments range from the conventional market's 5
to 20 percent.
One caution. HUD homes are sold "as is," meaning limited repairs have
been made made but no structural or mechanical warranties are implied.
Questions about Vero Beach Florida Real Estate?
Ask us below or Call us Now at 772-388-6261
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Last Updated ( Thursday, 04 September 2008 )
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