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Own a home for $100 down in Kennesaw GA Georgia
There is tremendous value in buying a HUD home. All you need is $100 down and some closing costs (HUD will pay most of your closing costs, up to 3% of the purchase price of the home).
Available HUD homes are the result of foreclosure on FHA insured mortgages. Every week new HUD listings come on the market. New HUD listings come on the market in our area on Wednesdays. Existing HUD listings that were under contract but the contract fell through are put on the market on Fridays.
It is a bid system, with HUD looking for the highest offer, however owner occupants are usually given priority. Most HUD homes are initially offered on a priority basis to Owner Occupied purchasers - - people who are buying the home to live in as their primary residence. You must live in the home for at least one year, and may not purchase another HUD home for two years after the close date.
There will be a date all offers must be in by. The next day, HUD agents look first at owner occupied offers to see the highest acceptable offer. Then they look at investor offers.
Since they are foreclosures, some HUD homes ... more
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