What about HUD homes?
Sometimes, government agencies, such as the U.S. Department of Housing and Urban Development (HUD) acquire properties that have been foreclosed upon. Most of these properties are available for sale to investors or owner-occupants. HUD-owned properties can only be purchased through a HUD-registered, licensed real estate agent. HUD will pay the broker's commission up to 6 percent of the sales price.
Remember, most of these homes are sold "as is," meaning that no structural or mechanical warranties are implied.
If you would like more information on HUD properties, contact me at 913-269-0000 or e-mail sahran@sahran.com
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