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What is HUD? What is a HUD home? Who can buy a HUD home?

(Published on - 10/13/2016 5:05:16 AM)

 

hud blog 1

What is HUD? The U.S. Department of Housing and Urban Development. Please visit www.HUD.gov for additional information.

 

What is a HUD home? is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.

 

In other words...

HUD oversees the Federal Housing Administration (FHA, which provides federal insurance against default on home mortgages.

If the payments are not made on an insured *FHA loan, the mortgagee forecloses, or deed-in-lieu, then files an FHA insurance claim for the unpaid loan balance , and conveys title to the property to HUD...At that point, the house becomes a HUD owned home.  * ( FHA loan monthly payments include principal, interest, home insurance, property taxes and MIP-Mortgage Insurance Premium).

 

HUD then hires an Asset Manager Company. This asset manager is the HUD contractor responsible for the sale of the property... a Field Service Manager is hired and is responsible for maintaining the property. The HUD contractor also hires an authorized HUD Listing Real Estate broker to assist in the sale and marketing of the HUD homes.

 

Who Can Buy a HUD home?

Any qualified purchaser can offer to buy a HUD home, regardless of race, color, religion, sex, national origin, handicap, or familial status. To search HUD homes available in your area visit www.hudhomestore.com ..Owner occupants have priority in bidding during an initial period set aside at the beginning of the bid process.  Please contact a broker/agent who is registered to bid with HUD to place a bid on a property.

 

We currently have HUD listings available in Eagle Pass, TX please visit the page mentioned above or contact us at Realty Executives of Eagle Pass @

830-758-1034 for more information.

 

I hope you find this information helpful, if you still have questions about this topic please feel free to contact your local authorized HUD listing broker &  HUD registered bidder broker Doris Salinas-Sánchez with Realty Executives of Eagle Pass or one of our Executives for more information about HUD homes and the bidding process.

Thanks for visiting our website and for reading this blog! Have a blessed day. Doris


BUYING A HOME OR INVESTMENT PROPERTY IN EAGLE PASS, TX SOON?

(Published on - 9/24/2016 9:03:36 PM)

3 Tips for Buyers 

Hello!  If you are looking to purchase a home or investment property soon in Eagle Pass, TX or surrounding areas, please continue reading...

Getting ready to buy a home is always an exciting and memorable time of our lives. It's also one of the biggest financial decisions you will make.

Here are 3 tips to help you get started:

  1. Find an Executive - You're probably at the point where you need to find a real estate agent to get started. Be aware that there's a big difference between an agent who is experienced and knowledgeable in your market versus one who provides minimal service just to get a paycheck.  Our EXECUTIVES know the local market, are experienced, trained, happy and ready to assist you. You can call us anytime with questions or to chat about how we can help you through the buying process. You can call our office at 830-758-1034, visit our website: www.realtyexecutivesofeaglepass.com find an executives you want to work with, find us on facebook, other social media or contact broker directly at 830-352-5333.
  2. Get Pre-Qualified For A Loan - Before you start looking at homes, it's important to know what you can afford. By pre-qualifying for a loan early, you can better hone your search to those houses in your price range and be confident in making an offer when you find that perfect home. We can provide you with a list of lenders and prefered lenders in our area if you wish to, if you haven't contact one already. 
  1. Get A List of Homes For Sale - We can provide you with a list from our website, database and MLS listings available. Once we know your price range, we can discuss the specific areas you are interested in living, as well as the number of bedrooms, bathrooms and anything else on your shortlist of requirements. We can then compile a list of potential properties, including photos and property details, which you can review from your phone, tablet or computer. Once you identify the homes you're interested in, we can schedule showings for each property.
  2. If you have any questions or want more information on the process, please don't hesitate to contact Realty Executives of Eagle Pass at 830-758-1034 ...We would love to deliver the keys to your new home soon!


Thank you for reading and We look forward to working with you!


Buying a Home? Let's Make your wish list a reality!

(Published on - 9/19/2016 1:25:24 AM)

 

Ready to buy a home!...Let's make your wish list a reality!  

 

67% of home buyers find themselves compromising their wish list in order to accommodate their time-frame, budget and the competition from other buyers in the real estate marketplace. Most of this is due to a lack of preparation and guidance by the sales agent.

As Realty Executives agents, We have the local market knowledge and experience to help you prioritize your wish list and determine what matters most. Together, we can work towards satisfying all of your needs!

Share your wish list with us today and We will be honored to help make those dreams come true. You can reach broker directly at 830-352-5333 or contact one of our executives at 830-758-1034 for a free consultation.

Source: RISMedia 26th Annual Power Broker Report - based on closed transaction sides per agent in 2014.

Selling Your Home?! Let's Create a Custom Marketing Plan for You!

(Published on - 9/19/2016 1:25:06 AM)

Selling Your Home!

Let's create a custom marketing plan for you!
As  Realty Executives Agents, we connected to a vast network of some of the most productive agents locally, regionally, nationally and globally. We are constantly networking with the real estate professionals in our office and in our surrounding areas to give your home insider exposure.

We also employ powerful promotional channels, starting with the Multiple Listing Service, plus a wide variety of print and online marketing methods and unique technology.

We are ready to set your personalized marketing plan in action. Contact us today and experience the advantages of working with  local real estate experts.

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