Foreclosed HUD Homes For Sale in Tooele, UT
HUD HOME
• Finding Foreclosed HUD Homes For Sale in Tooele Utah means you need to have an agent that not only knows how to work with HUD Foreclosed Homes, but one that is registered with the department of Housing and Urban Development.
HUD Homes are Foreclosures in which the government has provided mortgage guarantees to lenders. That means that when a house or condo with an FHA or V.A. loan guarantee is foreclosed, the house is returned to HUD to be liquidated.
In Tooele County, 90% of the HUD Houses listed are in Stansbury Park, Tooele City or Grantsville UT
Buying a Foreclosed Home From HUD is a little different than a normal Real Estate sale. A few things are important to know.
- Only HUD approved agents can access HUD listing.
- Only HUD authorized agents have a special key to allow access to HUD Homes.
- Only agents that are registered with HUD can make a bid on your behalf.
- Offers are made on a special form and are in the form of a bid.
- Bids must be made by a certain day, and will be opened on that date. No waiting.
- Financing must be in place, HUD accepts no contingent bids.
If your agent is not HUD approved, and you want to look at HUD Homes, suggest that they get registered ASAP.
You can often get a good buy on a HUD Home in SLC, and unlike short sales a home buyer wont have to wait on the bank to make a decision. Offers are made on a bid basis with a specific date for bids to be awarded.
To learn more about buying Foreclosure from HUD.
Here are some recent Tooele Foreclosures by HUD that have been listed.
Tooele, Tooele County UT - FHA # 521-637639 (PROPERTY SOLD AS-IS WITH ALL FAULTS, NO POST-CLOSING REPAIRS OR PAYMENTS WILL BE MADE FOR ANY REASON) AVAILABLE BEG. 06/30/2011 TO SUBMIT BIDS, INITIAL BIDS DUE BY 07/09/2011 @11:59:59PM (CST) FOR OWNER OCCUPIED BIDDERS. IF NO OFFER IS ACCEPTED THEN DAILY OWNER OCCUPIED BIDDERS UNTIL 07/29/2011 @11:59:59PM (CST) OR UNTIL SOLD. IF NO OFFER IS ACCEPTED IN THE FIRST 30 DAYS THEN ALL BIDDERS ON DAY 31. THIS PROPERTY IS FHA INSURABLE, 203K ELIGIBLE. $1000 EARNEST MONEY REQUIRED ON THIS PROPERTY IN THE FORM OF A CASHIER OR BANK CHECK MADE TO US DEPT. OF HUD. (STANDARD DISCLOSURE PEMCO-LIMITED AND/OR OWNERS MAKE NO WARRANTY TO THE EXISTENCE OF (LBP) LEAD BASED PAINT AND OR MOLD IN ANY PROPERTY AND IS NOT LIABLE FOR ANY HARMFUL EFFECTS.) BUYER TO VERIFY ALL INFO. In no event will Owner perform repairs on any Property prior to close or after closing. PLEASE SEE AGENT REMARKS FOR BID WEBSITE AND INSTRUCTIONS IF YOU HAVE ANY QUESTIONS PLEASE CALL! SQ FT PER HUD APPRAISAL 1155. COURTESY OF TITANIUM REAL ESTATE, P.C.
1,726 sq. ft., 2 bath, 3 bdrm 3 story - MLS® $100,000 - HUD HOME
Tooele, Tooele County UT Foreclosure - Beautiful Bungalow with Huge Private Deck and Mature Trees. Open Living Spaces, Vaulted Ceilings, Move In Ready. Not a Short Sale - Home is HUD Owned - No Waiting for Bank Approvals. Bidding restricted to Owner Occupants for first 30 days. On 11th day bids received Days 1-10 opened simultaneously. If no acceptable bids, property remains on market with bids opened daily until sold. Investors may bid after 30 days. Sold AS-IS. HUD Case# 521-699558. Courtesy of Salt City Real Estate.
• 2,362 sq. ft., 1 bath, 4 bdrm single story "Bungalow/Cottage" - MLS® $102,000 - HUD HOME
Picket Lane, Stansbury Park UT - Announcing a price reduction on 5395 N LA ROCHELLE PLACE, a 2,200 sq. ft., 3 bath, 5 bdrm 2 story. Now MLS® $153,000 - HUD Home In Stansbury.
Buying a HUD Foreclosure in Tooele City. stansbury Park or Grantsville Utah is a little different than buying a resale house.
Check out Buying a HUD Home, and then contact your authorized HUD agent to see the inside.
FHA Foreclosures offered by HUD require that buyers work with a registered agent with a special key to access the listings and that all offers be submitted as a bid on a special form that registered agents can provide.
If your agent does not have the necessary approvals you may need to encourage them to get registered so you don't miss out on future FHA foreclosures in Tooele listed by HUD.
If you don't have an agent, give us a call. All of our associates are registered HUD representatives.
To search for additional Foreclosed HUD Homes For Sale in Tooele City or anywhere in Tooele County, check out all of the listed Foreclosures and Foreclosed houses @ TOOELE Foreclosures you can see every home listed on the MLS as distressed property.
For answers to questions about buying Tooele Real Estate click on www.tooelehomesforsale.com, or call us at 405-840-5029.
Published Sunday, July 03, 2011 11:40 PM by Chris & Berna Sloan
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