Where can you Find Durham North Carolina or Triangle area foreclosed HUD homes?

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 buy HUD-owned properties through a licensed real estate broker, whose commission will be paid by HUD.

Down payments vary depending on whether the property is eligible for FHA insurance. If not, payments range 5 to 20 percent. When the property is FHA-insured, the down payment can go much lower. Each accepted offer must be accompanied by an "earnest money" deposit equal to 5 percent of the bid price not to exceed $2,000, but not less than $500.
You should be aware that HUD homes are sold "as is," meaning limited repairs have been made but no structural or mechanical warranties are implied.

Plenty of complimentary information is offered in terms of purchase, sale or investment in SW Durham North Carolina
real estate. To get comprehensive info about the SW Durham North Carolina real estate market including current
homes for sale, property values and more please visit the most complete website online dedicated to everything
SW Durham North Carolina real estate. I would be happy to answer your questions about real estate or mortgages.
I hope you will feel free to call me with any questions you may have. The best place to reach you is on my
mobile phone and here is the number. 919-641-3911 You can also send me an e-mail. willie.velez@gmail.com.

For a complete detail on everything on Durham North Carolina Real Estate visit our website at: http://FavoriteHomeRealty.com