You may have seen some of my previous videos on HUD Homes and I thought I would just go over a few other points in today’s update.

First of all, what is a HUD Home?

A HUD home is a bank owned property that was foreclosed on by someone who held an FHA loan on the property. It’s really that simple. It was a government backed loan that was foreclosed on. It’s the same thing as a bank owned property. But the better news is HUD is much easier to deal with.

How to Purchase A Denver HUD Home

When purchasing a HUD property, there’s only a 1-page contract and a 1-page addendum. There’s a very fair bid process where you can get all the information about the property before you even bid on it. If you want, I can get you even the inspection report on the property before you even go look at it to see if it’s something you’re even interested in. They are so easy to deal with, they are such good people and they really want to sell you the house!

Now, the other side of that is that these are ‘AS IS’ sales. They are properties that are sold in their current condition. You can’t get them to do any repairs on it. You’re still encouraged to do your own inspections to make sure it’s something you still want to purchase. You’re welcomed to terminate or get your earnest money back at any time that you inspect the property and it doesn’t meet your satisfaction.

It’s really a straightforward deal. There’s a price that people bid on. And there’s the condition which is ‘AS IS.’ Then if everything checks out and you move forward with your loan on the property you just close it! It’s really straightforward and simple.

A Great Down-Payment Program

These properties are terrific opportunities for first time home buyers. So much so that I’m thrilled to tell you about a program that HUD is offering buyers that use FHA loans and pay full price for these properties, which by the way are at great discounts. Paying full price is still a great deal. And frankly most of the HUD properties are going pretty close to full price anyway. But, if you use an FHA loan and pay full price for these properties then you can get the property for just $100 down payment. That’s right! $100 down payment.

Now, this is a huge savings because the typical FHA program is a 3 and ½ percent down payment. So, if you do the math on a $100,000 property, that’ll save you $3,400 and so on. I know how to purchase these for you. I know how to get that $100 down payment program and a lot of other great strategies for making sure that you have the winning bid.

So, call me today 303-526-2606, or E-mail me Sam (at) HomeSam.com Or best of all, visit my website www.EasyDenverHomeSearch.com. You can search the entire MLS for homes all day for free and sign up for your free daily list of HUD properties.

Until next time

In a previous video, I discussed, ‘What a HUD property is’ and ‘What a great deal these are for buyers.’ Well, today let me talk about, ‘How to search for and find one of these properties’

First of all, you need to find an agent, like myself, who’s approved by the Housing and Urban Development Department to actually search for and help you purchase one of these properties. There’s a couple of different ways that you can find them. The easiest way is to use my website, www.EasyDenverHomeSearch.com search in the areas that you’re interested in and then find the properties that say, their HUD homes.

Also, if you’d like to contact me, I can give you the information for the direct website that you can go on and search only for HUD properties. I do have access to this website as a HUD Approved Selling Agent. So, with that, you can find properties in the areas you’re interested in.

Then here’s the great thing! These are really easy for me to show you because, as an authorized agent, I have a HUD key. HUD rekeys all their properties to use the same exact key. So we don’t even have to waste time setting up showings or getting approvals, we just get in the car and go see them with my HUD key!

That part’s real easy and makes it a lot easier for you to quickly locate and find a property you’re interested in. It’s really that simple.

So if you’re interested in searching for HUD properties contact me today by phone  303-526-2606, E-mail sam (at) homesam.com or simply log on to my website www.EasyDenverHomeSearch.com (And sign up and register for your free E-mail alert service just for HUD properties.)

These are great deals! Don’t miss out on the opportunity because they do go fast so you need somebody to help you find them right as they come on the market so that you can make competitive and winning bids to get the properties.

Until Next Time!

I’m sure you’ve heard a lot about the great deals that HUD homes have to offer. How greatly discounted they are and actually not in too bad of shape so that you can buy these homes, move in, fix them up, put a little sweat equity into them and have a lot of equity right off the bat!

What is a HUD home?

It’s quite simple. First of all, HUD is an abbreviation for the Department of Housing and Urban Development. Which is a government authority. And a HUD home is a home that was backed by an FHA loan and is now in foreclosure or actually has been foreclosed. It’s that simple! It was somebody who owned a home with an FHA loan that got foreclosed on.

Now, these properties aren’t for everyone but they’re certainly for everyone who wants a good deal. For more information about what a HUD property is, how to find and purchase one,

You can contact me today by phone at 303-526-2606,  email Sam (at) HomeSam.com or simply visit my website www.EasyDenverHomeSearch.com (Where you can search for HUD homes as well.)

Thank you! Until Next Time