There are a lot of bank owned homes out there right now. Buyers who are looking for a rehab, either to live in or for investment, are finding it easier to find what they're looking for.
However, bank owned properties are not the same thing as "HUD" properties. HUD properties are those that are being offered by the Department of Housing and Urban Development. HUD uses an agency to offer their foreclosed properties to the public. If you find a HUD home you're interested in, contact the agent of your choice to make an offer on it. It's best to use an agent familiar with the bidding process. If you're looking in the Nashville area, you can contact me through the "Nashville Real Estate" link at the bottom of this post.
If you're looking for a HUD home, here's the link to the HUD web site where you can search HUD properties by state:
Happy House Hunting!
Debbie
Nashville Real Estate
Wednesday, October 31, 2007
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