HUD Homes

Welcome back to my video blog! Today, I wanted to share two well-kept secrets about the Housing and Urban Development (HUD) Program. What is the HUD program? It’s home acquired through the consequence of foreclosure on an FHA Loan. I have two secrets to help you fairly take advantage of the program.

The first is for the first 30 days a home is insured, owner occupants are able to purchase those homes before anyone else through FHA or conventional financing. The cash investor, who does not occupy the property, is shut out for the initial time period. You have a 2 to 1 advantage because 35 percent of the market is cash-buyers.

The second secret I have is for law enforcement, firefighters, emergency medical technicians and teachers (k-12). You can buy a HUD home in a nice area for up to a 50 percent discount on the list price. You don’t have to pay any interest on that 50 percent as long as you occupy the home for three years.

If you would like more information you can give me a call 626.643.7090

Thanks for watching!