HUD Home For Sale in Riverton Utah
HUD
HUD Home For Sale In Riverton Utah. Great Value ! Great Location. The hard Foreclosure work has been done.
Drive by 4529 W Gladstone Circle Riverton UT 84065 and see if you would like to bid on this Foreclosed FHA Home offered for sale on a bid basis by HUD.
At about $76.00 a square foot, the price is right on this 2,686 sq. ft.,3 bedroom 2 bath, Rambler in Riverton Utah.
This HUD Foreclosure is NOT a Short Sale or Pre-Foreclosed Home. It is a Home that FHA foreclosed on and then turned over to HUD to sell by virtue of the mortgage insurance payoff. It is located in the South West corner of Salt Lake County in one of the fastest growing communities in Salt Lake.
HUD Homes are homes that are listed on the MLS by authorized agent on behalf of HUD. These homes belong to the office of Housing and Urban Development because they (HUD) guaranteed the home mortgage through FHA. When the original lender foreclosed, then HUD paid the Mortgage insurance balance and took title to the house.
Once the HUD Homes are listed by these authorized HUD agents, they are available for sale under different terms than ordinary houses listed for sale. Prospective home buyers tour the home as in any other home showing, but if an offer Is made it is made in the form of a bid, like at an auction. All bids are held until a certain date, (usually not more than 10 ) and if HUD likes one of the offers that bid is accepted. The home buyer then will have a certain number of days to close the transaction.
HUD Homes have a special key to allow access to their homes so buyers need to work with HUD registered agent to view homes they are interested in.
We have a number of associates that are registered with HUD and experienced with the bidding practices involved with buying a HUD Home. Call us @ 801-567-0946 to talk about looking at a HUD Home.
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MLS® $206,000
Riverton, Salt Lake County - HUD HOME SOLD AS IS BY ELECTRONIC BID ONLY. FHA#521-633104. AVAILABLE BEGINNING 7/23/10. BIDS DUE BY 8/1/10 @11:59PM OR DAILY UNTIL SOLD. SF=1385 PER HUD. NEW $100 DOWN PAYMENT INCENTIVE IS AVAILABLE FOR OWNER OCCUPANT BUYERS WHO SUBMIT FULL PRICE OFFERS ON FHA ELIGIBLE PROPERTIES UTILIZING FHA FINANCING. MCB MAKES NO WARRANTY TO THE EXISTENCE OF MOLD IN PROPERTY AND IS NOT LIABLE FOR HARMFUL EFFECTS. BUYER TO VERIFY ALL INFORMATION. NOT ON SUPRA LOCKBOX, $4 KEY @ S.L. BOARD STORE. INSURED.
HUD requires that HUD Homes listed for sale and offered for bid be shown by a registered HUD Agent. See buying a HUD Home.
Group1 is a HUD authorized Broker and has that special key. If your interested in seeing more of this Riverton home let us know.
Other Riverton Foreclosures and Bank Owned Homes can be found @ Salt Lake Foreclosures complete with Home prices, maps of houses for sale, directions and listed prices on homes in your area of interest.
Or call us @ 801-567-0946 and talk about Real estate or that HUD Home For Sale In Riverton Utah.
Published Monday, July 26, 2010 9:53 PM by Corie Seymour
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