How to buy a Foreclosed Home for $100 down today in the Seattle Washington areaAre there any zero down ways to buy a home right now?Yes - if you are a veteran.No - if you are not.But this is close. Most FHA foreclosed homes can be bought for $100 down in the Seattle Washington area right now. The program is not long term.What do you have to do?First of all, the home must be an FHA foreclosed home. They are known as HUD homes.Second, you must make the offer through a HUD approved broker.Third, you must be an owner occupant. This program is not for investors.Fourth, the HUD home (FHA foreclosed home) must be insurable. (don’t worry about this one, I will help you know if it is or not) This week I showed one of these Foreclosed Homes for $100 down in the Seattle Washington area. We decided to make an offer. The buyers got prequalified. The paperwork was filled out and I met them back at the house for them to look at it again and to sign all the papers.. Then I came back home and I went on line to submit the offer. Now we are waiting to see if our bid (our offer) was accepted.Next I have an appointment with the HUD approved broker for our office for her to sign the offer. Without her signature, the offer will not be accepted.
If it does get accepted, then I will run all the paperwork down to local HUD headquarters for this region. Once that is signed, we have 15 days to do a normal all house inspection. HUD also recommends a mold inspection and a radon inspection.
A word of warning. Be careful whom you use to represent you. You will be giving them your social security numbers in order to make the offer. You don’t want to trust just anyone with your social security number in this day of internet fraud.
Once we are done with the inspection, it is on to closing. Someone is going to get a great deal on a Foreclosed Home for $100 down today in the Seattle Washington area.