HUD Homes & Foreclosures
HUD Homes & Foreclosures
HUD Homes & Foreclosures

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.

Recent Blogs

Five Exit Reasons and How to Prevent Them
Sep 27,2023
Five Exit Reasons and How to Prevent Them

In property management, maintaining a stable tenant base is vital for the success of any rental property. However, in recent years, landlords and property managers have been facing an increasingly diverse and challenging array of…

Read More
The Pros and Cons of Tenants Doing Maintenance
Sep 19,2023
The Pros and Cons of Tenants Doing Maintenance

Renting out a property comes with its challenges and responsibilities for landlords. One aspect of property management that often arises is tenants offering to perform maintenance tasks. While it may seem like a win-win situation—landlords…

Read More
What Do HOA Management Fees Cover?
Sep 13,2023
What Do HOA Management Fees Cover?

Hiring the right Homeowners Association (HOA) property manager is a critical decision for any community. While many HOA board members focus on the cost when interviewing potential property managers, shifting the perspective from a simple…

Read More

Reviews