Welcome > How to Buy a HUD FORECLOSURE! ...
CALL Ryan and Company, Realtors at 847/526-0300 and find out how to make a great buy on a HUD home!!! We are HUD Brokers! The Ryan Team has been selling HUD homes for over 25 years. They have the experience necessary to successfully bid and purchase a Hud Home. If you are a first-time homebuyer a HUD home can make owning your own home affordable and with less money down. If you are an investor you can get a great deal on a HUD home too! But, it is very important to work with a Lender and an Agent who has current information and understands the process to purchasing a HUD home. Why chance it? Call Ryan and Company, Realtors... they are the HUD Foreclosure Specialists! Here is some general information about Hud Homes as found on the hud website....
You can also find HUD information or properties online by going to
www.hmbiweb.com
Here is some helpful information on purchasing a HUD home….
 HOW TO BUY A HUD HOME
What is a "HUD Home"?
A HUD Home is a property that was previously financed with an FHA insured mortgage and where the owner has defaulted on the loan. The lender, then, forecloses on the home. FHA pays the lender what is owed; and the lender transfers ownership of the home to FHA/HUD. Then, HUD sells it at market value.
Who can buy a HUD Home?
Anyone who has the cash or can qualify for a mortgage can buy a HUD Home. Is it true I can get a HUD Home for a dollar?
No. HUD sells homes at market value - that means that the price is set based on the price of similar homes sold in the area.
If the HUD Home needs repairs, will HUD make them?
HUD Homes are sold "as-is," without warranty. That means that HUD will not pay to correct any problems. Buyers are encouraged to get the home professionally inspected.
Houses built before 1977 may have lead based paint, which can cause harm to your family; so be sure to read about this hazard and about what you would need to do to correct it. How do I buy a HUD home?
HUD Homes are sold only through Participating Real Estate Agents. Call or email us today!
Cosmetic Improvements >Kitchen Clutter
The kitchen is usually very important to prospective buyers. Your kitchen may not be new and state-of-the-art, but it should look its best.
Your kitchen should be spotlessly clean and well organized while your home is on the market. The counter tops should be clean and free of clutter, and the floor should shine. Appliances should be clean and in good working order. You may want to add a few decorator touches or replace cabinets, flooring, and even appliances for a small investment. Dollars spent on kitchen improvements usually pay major dividends when you sell your home. If you are planning to sell your home and need some advice in this area, an agent will be happy to discuss your options with you.
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| Q |
What famous American monument is also the world's heaviest statue?
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| A |
The Statue of Liberty, officially named "Liberty Lighting the World", weighs 54.31 million pounds. |
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