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Carolyn & Wayne Crowe
Maximum One Realty
3304 Mapleleaf Way
Powder Springs, Georgia, 30127
Office: 770-795-0303
Cell: 404-863-1719
Fax: 770-514-0080
cobbhomes@bellsouth.net
www.CobbHomesForSale.com
Lic. #: 203360
finding gov repossessed homes | Print |

How do you find government-repossessed homes in the Kennesaw area?

The U.S. Department of Housing and Urban Development acquires properties from lenders who foreclose on mortgages insured by HUD. These properties are available for sale to both homeowner-occupants and investors.
You can only purchase HUD-owned properties. HUD will pay the broker's commission up to 6 percent of the sales price.
Down payments vary depending on whether the property is eligible for FHA insurance. If not, payments range from the conventional market's 5 to 20 percent.
One caution. HUD homes are sold "as is," meaning limited repairs have been made made but no structural or mechanical warranties are implied.


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Last Updated ( Thursday, 04 September 2008 )
 
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