Successfully Selling HUD & REO Homes ~ Thursday, March 9th!

Here are the details:

TIME: 12:00pm – 2:00pm (PST)

DATE: Thursday, March 9th 2022

LOCATION: Community Room - Mission Valley Library ~ 2123 Fenton Pkwy, San Diego, CA 92108

Seating is Limited ~ Register in advance for this event ~ RSVP TODAY!!!

Definition: a one-to-four unit single- family residence acquired as a result of a foreclosure on an FHA-insured mortgage

Offered for sale at fair market value, based on a recent appraisal

Vary in price, location, and condition

• HUD Homes for sale throughout the state
• Some are move-in ready, others are not

…Sold As Is…

• HUD will pay up to 3% of buyers closing cost (must be negotiated in contract) – Owner Occupants Only
• If Condo or townhome, project approval is not required (only on HUD Homes) Per Mortgagee Letter ML 2016-13 which extended ML 2012-18 that replaced ML 11-22
• ML 11-22 and the Condominium Project Approval and Processing Guide updated, clarified, consolidated and replaced ML 2009-46 B which stated HUD REO condos are exempt from project approval
• IE finance types have option of doing an FHA standard loan with escrow repair
• Owner Occupant priority bidding period
• Low EMD ($500, $1,000 or $2,000)

Join us for the NEXT Real Estate Market…

Host or Publisher Weichelt Group eXp Realty