What is a HUD Home?
A HUD home is a 1-4 unit residential property offered by the Department of Housing and Urban Development as a result of a foreclosure action on a Federal Housing Administration insured mortgage loan. HUD then becomes the property owner and lists it for sale to recover the loss on the foreclosure claim.
Anyone who can qualify for a mortgage or who can pay cash may buy a HUD home. Owner occupants must live in the house as their primary residence for at least one year. Despite popular belief, HUD Owned Homes are open for public bids. That means YOU have the opportunity of a lifetime to purchase this home well below market value. Buyers should start by finding a participating real estate agent, like Team Troy, to place a bid on a property for you. For more information on buying HUD Homes, see Team Troy’s website: http://www.nwlistingsearch.com/
About Team Troy:
Team Troy is a bunch of real estate fanatics that happen to be really good in the Seattle real estate business. The team consists of Troy Anderson, CEO and Managing Broker; Angela Coria, Broker and Vice President of Investments;
Team Troy does it all! The team setup allows for niches in many different areas. They have extensive experience in traditional real estate listings, as well as Seattle short sales and Seattle HUD Homes. These Seattle Real Estate Agents are experts in the HUD process and can walk any buyers through the process. Team Troy also works with a wide range of real estate investors who may be interested in home rehabilitation, as well as buyers and sellers from all over the Puget Sound region.