North Star is a HUD registered Broker and has the knowledge and tools to help you find a Foreclosure or Hud Property
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What is a HUD home?
To get technical, a HUD property is one that was previously financed with an FHA insured mortgage where the owner has defaulted on the loan. The lender then forecloses on the home. FHA pays the lender what is owed; and HUD takes ownership of the property. The HUD homes are posted on http://www.citysidecorp.com/ and you may find them available with local Realtors as well.
All of these homes are avalable for purchase through a bidding process which is done online. All bids must be submitted electronically through a HUD Registered Broker. North Star Real Estate is a HUD Registered Broker.
Anyone can purchase a Hud home who is is qualified for a mortgage or has cash. In some cases the properties will be available to owner occupied buyers for a limited time when the property new to the market. After that time period expires and no bids are excepted the prperty will be open to investors and anyone who submitts the winning bid to HUD.
If you would like to consider purchasing a HUD home or other bank owned property, please be sure you have a strong professional team of support in place. This includes a Realtor, Lawyer, Mortgage Officer, Home inspector and at times an Accountant in place to better assure a successful outcome in your Real Estate transaction.
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Linda and her team of Realtors can help you through the process of purchasing a HUD home foreclosure,Estate, Short Sale or other type if sale you may come across. |
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Make sure you call a North Star Realtor to represent you through all of your Real Estate Transactions! You'll be so glad you did!! |
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