What are HUD Homes?
If you are looking for a bargain on a home purchase, consider looking into the HUD (U.S. Department of Housing and Urban Development) homes that are available in your area. Because HUD homes are foreclosures, you may be able to get a great bargain and turn your new home into a profitable investment.
o HUD governs FHA-insured loans. When homes with FHA-insured loans are foreclosed on, HUD becomes the owner of the property.
o There are no special requirements to purchase a HUD home; if you are able to qualify for a loan for the amount the home is being sold for, you can purchase it.
o HUD homes are offered as owner-occupant properties at the outset of the agreement, meaning you, as the owner, will live in the property. If it is a multi-family home, you are agreeing to live in one of the units for a period, but you can still rent out the other units.
o A listing of homes for sale through the HUD program can be accessed through the main HUD website (see Resources). Only Realtors who are registered with HUD, can help you submit an offer.
| El Cajon Case Number: 044-421205 |
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Address: |
123 N STEPHANIE LN EL CAJON CA 92019 SAN DIEGO COUNTY |
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Appraisal Date: |
09/17/2011 |
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Bed/Bath: |
3/2.00 |
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Total Rooms: |
5 |
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Square Feet: |
1032 |
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Year: |
1960 |
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Property Design: |
Contemporary |
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Parking: |
Garage |
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HOA Fees: |
$0.00 |
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List Date: |
09/24/2011 |
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List Price: |
$253,000.00 |
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As-Is Value: |
$253,000.00 |
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FHA Financing: |
IE (Insured Escrow) |
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203K Eligible: |
Yes |
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Repair Escrow: |
$2,035.00 | | |
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| Case Number: 044-433563 South San Diego |
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Address: |
1422 SWITZERLAND DRIVE SAN DIEGO CA 92154 SAN DIEGO COUNTY |
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Appraisal Date: |
09/24/2011 |
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Bed/Bath: |
4/2.50 |
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Total Rooms: |
8 |
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Square Feet: |
1654 |
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Year: |
1989 |
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Property Design: |
Ranch |
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Parking: |
Garage |
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HOA Fees: |
$105.00 Monthly |
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List Date: |
09/28/2011 |
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List Price: |
$260,000.00 |
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As-Is Value: |
$260,000.00 |
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FHA Financing: |
IN (Insured) |
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203K Eligible: |
Yes |
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Repair Escrow: |
$0.00 | | |
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HUD Home in Escondido.
303 Citrus Ave. Escondido, CA 92027
$190,000 This house is a charming one story with land! Put your own personal touch on this property, it has good bones and definite character. Home is located in a community with beautiful mature landscaping. This home is close to shopping and transportation for your convenience.
604 Stanley Ave. Escondido, CA 92026
HUD property case #044-421427. Traditional country style 3BR/2BA ranch home with evening lights/mountain views. Brick fireplace in family room. BRs w mirrored closet drs, ceiling fans. Gazabo in backyard. Nicely landscaped for enjoying outdoors.