Ken Westfall Colorado Springs Real Estate

Buyer

What is a HUD Home?
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. HUD in turn sells the property at “AS IS” market value based on a recent appraisal as quickly as possible through an Asset Manager (AM) Contractor such as PEMCO, LTD. HUD Homes vary in price, location, and condition. Some are move‐in ready condition and others are not.

Who can buy a HUD Home?
Anyone with a valid Tax ID (*SSN or Employer Federal Tax ID) issued in the United States can buy a HUD home. Potential buyers must qualify for a mortgage or pay cash to buy a HUD home. Buyers must have a pre-qualification letter from a certified lender, or proof of funds in the amount of, or greater than the gross purchase price of the property.

Where can I find a HUD home?
HUD homes are listed at www.HUDHomestore.com.

How can I view a HUD Home?
All buyers MUST be accompanied by a broker or agent when viewing any HUD Home listed for sale.

Do I need a realtor to place a bid for me?
Yes, please contact a registered HUD broker or agent to place a bid on a property and to access the home listed for sale. To lookup a broker/agent in your area, visit the HUDHomestore website.

What are FHA sales incentives and how does it benefit owner-occupant purchases?
For a limited time, FHA offers sales incentives on HUD homes that will make these homes more affordable for homebuyers when purchasing a property using FHA-insured financing. The incentives VARY from state to state but may include: low down payments; sales allowances that can be used to pay closing costs, make repairs, or pay down the mortgage amount. The benefits of FHA financing are low down payments; competitive interest rates; flexible credit qualifying. Read more …
 

 

Please Visit HUD PEMCO for all of their information

All information is from hudpemco.com


  

About MMREM


In a national marketplace filled with real estate firms and brokers, choosing competent representation can be overwhelming. Matt Martin Real Estate Management delivers results, not empty promises. We combine individual attention and corporate execution, providing each client with customized and timely service.

At MMREM, we understand that every client's goals and timelines are different. When we take on new clients, we begin by asking them how they would like to be served, not telling them what they need. Because we are privately owned and operated, we have the freedom to offer innovative solutions for every client's needs.

We combine this individual focus with a commitment to timely and consistent results. MMREM is one of the first firms to take a corporate approach to the very personal business of real estate representation. Using this approach, MMREM delivers projects, proposals, and action items at specified deadlines, in contrast to the "when I get around to it" mentality so prevalent in today's real estate market.

That's just the beginning. Today we are on a mission: "To Nationally Deliver a Results-Focused Brand of Real Estate Execution."

 

All information is from www.mmrem.com  www.MaMatwww

 


HUD Homestore



PEMCO Pulse



HUD PEMCO Bus Tours



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