Click here for a current list of HUD homes for sale in Sumner, Robertson County
What is a HUD Home?
A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.
Who Can Buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
Should I Get a Home Inspection?
HUD does not warrant the condition of its properties and will not pay for the correction of defects or repairs. Since the new owner will be responsible for making needed repairs, HUD strongly urges every potential home buyer to get a professional inspection prior to submitting an offer to purchase.
What About Financing?
HUD does not provide direct financing to buyers of HUD Homes. Buyers must obtain financing through either their own cash reserves or a mortgage lender. If you have the necessary available cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. While HUD does not provide direct financing for the purchase of a HUD Home, it may be possible for you to qualify for an FHA-insured mortgage to finance the purchase.
HUD homes are not always considered distressed properties and can be a great option for first time home buyers. Click here for additional need to know information regarding HUD homes. Visit http://www.hudhomestore.com for additional HUD information and bidding dates/times. Click the button below for a complete list of HUD homes available in Sumner and Robertson County as of today. Contact ME or any licensed agent to view.
*Information obtained from http://www.hudhomestore.comTake advantage of what Hendersonville and Sumner County has to offer. Connect with me today! Tina Redding, Realtor, EXIT Real Estate Solutions, 103 Hazel Path Ct, Suite 2, Hendersonville TN 37075Cell (615)268-5985/Office (615)826-0001/Email firstname.lastname@example.org/homesbytinaredding.com
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