BUYING A COLORADO HUD HOME
When BUYING A COLORADO HUD HOME and working with your COLORADO FORECLOSURE REALTOR there are a few tricks and tips you need to know about.
A COLORADO HUD HOME is when someone forecloses on a home they initially bought using an FHA Loan. If they can't afford to make the payments due to their current circumstances the lender forecloses on the home.
HUD (Housing and Urban Developement) then sells the home at market value as quickly as possible. As a home buyer you can get really good deals on HUD homes so make sure you look at the HUD homes that are on the market in your area before making your new home purchase.
HUD HOME shopping can be fun with your COLORADO HUD HOME REALTOR because you want to get the most for your money and that is what I can help you with.
It is important to know that only HUD-registered Real Estate Agents such as myslef can place bids on your new COLORADO HUD HOME.
For a bid to be considered on your COLORADO HUD HOME it must meet the lowest acceptable amount. Your bid must net the most in order for you to win the bid on your new COLORADO HUD HOME. This is where I come in. I am an experienced Colorado HUD home Realtor and will walk you through the process so you can get the best deal possible.
During the first 10 days on the market the HUD homes are only available to owner occupant buyers to give them first chance at owning a HUD home. After 10 days the homes are available to investors. In other words if you are searching for a HUD home and a new HUD home comes on the market it may be best to get your bid in on the first 10 days because after that you will be competing with investors and your chances of getting the home you want may be slim.
Let my experience guide you in your first home purchase. I will be with you every step of the way! Cindy Schroder is a successful Real Estate Agent in Colorado and sells COLORADO HUD HOMES and COLORADO FORECLOSURES.
BUYING A COLORADO HUD HOME ? VISIT www.CindySchroder.com. I can be reached at 720-987-9829
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