Many different types of Foreclosures

One of the best types of Foreclosures is the HUD home.. 

What is a HUD Home?
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.

Who can buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.

Not every Real Estate Agent or Broker can sell a HUD home!

I am a registered HUD Broker which means I can show you any HUD home in NC that is being sold by HUD.

 HUD properties are a great way to get instant equity in a home due the fact that they must sell these homes. If you watch closely, you will sometimes find HUD dropping a list price on a home up to $10,000 or sometimes even more! All offers are electronic and can be placed in your behalf even setting at the property! (must be preapproved of coarse) After acceptance then there is a package that must be completed to send to the Charlotte office to actually be signed by their rep and then you have a "pending" transaction that sometimes can take a little longer than a regular "listed" home but well worth it if you have the patients.

THESE ARE HUD REO'S FOUND ON HOUSING AND URBAN DEVELOPMENT WEB SITE  CHECK FOR CURRENT LISTINGS HERE 

CHECK HERE FOR LISTINGS BY COUNTY FROM HUD.

DAVIDSON CO 

RANDOLPH CO

GUILFORD CO

 REO LISTINGS FOR THIS ZIP CHECK BACK SOON OR CHECK OUT HUD SITE HERE!

Frequently Asked Questions