For the first time in recent years, the Department of Housing and Urban Development (HUD) will sell over 150 foreclosed homes through auction in Phoenix, March 26th at 1:00 p.m. at the JW Marriott Desert Ridge. Designed to help more low to moderate individuals become homeowners, the properties will be auctioned only to owner occupant buyers, who plan to live in the homes as their primary residence for at least a year. America's leading real estate auction firm, Hudson & Marshall will auction the HUD homes.
"Foreclosed auction offering HUD homes are ideal for homebuyers looking to upgrade to larger properties to accomodate their growing families or individuals re-locating to the Phoenix area for jobs," remarked Dave Webb, principal Hudson & Marshall. "Not only do auctions of foreclosed homes help buyers grab great deals but they also help raise property values by putting new homeowners into the properties," added Webb.
Prior to the auction of HUD homes, to help prepare homebuyers for the auction process, Hudson & Marshall will hold two free Auction Education Seminars. The seminars will review basic tips on successful bidding and what important documents buyers should bring with them the day of the auction. Auction seminars will be held March 16th and 22nd from 7:00 p.m. - 8:30 p.m. at the JW Marriott Desert Ridge.
Qualifed buyers may receive special Federal Housing Administration (FHA) $100 down homebuyer financing and up to 3% in closing costs paid by HUD. To register for the auction, buyers are required to bring a $1,000 cashiers check made out to themselves or to HUD on auction day. This check will be collected as a deposit if they are the winning bidder on a home. Prospective buyers must also bring a photo ID, a loan pre-qualification letter from their bank, acknowledge they have not purchased a HUD-owned property within the past two years as an owner occupant and confirm they will occupy the property as their primary residence for at least 12 months.
IF INTERESTED AND WOULD LIKE TO PREVIEW AUCTION PROPERTIES CONTACT ME
OR CALL ME AT 602 5384367