HUD Homes & Foreclosures


Two Ways You Could Save Thousands of Dollars on Your Next Home!

Tough economic times often result in homeowners who are not able to make their mortgage payments and their properties are taken back by the bank. Ultimately, these houses end up back on the market, often at bargain prices. If you know where to look you can make some really good deals. 3 Options Realty Agents can help you realize these opportunities that can help you land your dream home at a price well below what you might otherwise find in the housing market.

  1. HUD Homes: 
    The federal government's department of Housing and Urban Development (HUD) insures home loans for hundreds of thousands of people every year. The loan qualification terms for such loans are less stringent than traditional lending. Consequently, many HUD loans fail. When they do fail, HUD attempts to sell the assets at reduced market prices, hoping to redeem at least some of their money.

    3 Options Realty has a team of agents that are very familiar with the HUD bidding process. They stand ready to help you make a purchase. It is often possible to save thousands of dollars by purchasing through the HUD bid process. If you would like to purchase a HUD home, please fill out our inquiry form and one of our HUD experts will contact you shortly.
  2. Bank Foreclosures:
    ?In 2008 America witnessed a meltdown in home mortgage lending of historical proportions. Banks had lent money to borrowers that were unprepared to handle the financial responsibilities of home ownership. Consequently, banks took back many properties due to failing mortgages.

    Banks notoriously sell foreclosed properties at prices often well below the market. This foreclosure process continues even today.  

    3 Options Realty has a team of agents prepared to help you navigate your way through the process of purchasing a bank foreclosure.  Complete our inquiry form and we will have an experienced agent contact you right away to discuss your options.

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