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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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Can I find foreclosed HUD homes |
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Where can you find Vero Beach Florida area foreclosed HUD homes?
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 buy HUD-owned properties through a licensed real estate broker, whose commission will be paid by HUD.
Down payments vary depending on whether the property is eligible for
FHA insurance. If not, payments range 5 to 20 percent. When the
property is FHA-insured, the down payment can go much lower. Each
accepted offer must be accompanied by an "earnest money" deposit equal
to 5 percent of the bid price not to exceed $2,000, but not less than
$500.
You should be aware that HUD homes are sold "as is," meaning limited
repairs have been 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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