ArenaRealtyInc.com Buy HUD Homes
1430 Maplewood Ave
Hanover Park, IL
60133
Office: (630) 736-7650
Fax: (630) 736-7638
E-Mail:
ArenaRealtyInc@aol.com
Yes, it brings out the best in us. When it comes to the matter
of housing you want to find a good buy opportunity. An
opportunity to buy an affordable home, do the decorating to suit
your taste, and get both the mortgage and money to make
repairs in one loan is worth considering.
Why buy a HUD home -
- HUD may pay some allowable closing costs;
- FHA financing is available on some listed properties;
- buyer may get both a mortgage and repair money in one
loan (a FHA 203(k) loan) on some listings; and
- a "brokers credit" will be applied when we handle your
purchase of a HUD property.
Whether you want a ranch, split-level, colonial, raised ranch,
duplex or a townhouse for entertainment are a modest home for
your family. It probably can easily be found in your location of
choice.
Remember, we are a registered agent and provide full service of
finding listings, accessing and showing, preparing and
submitting bids to purchase HUD properties. Take a moment
now, click HERE to send us an email and let us know how we can
help you reach your goal.
LET US HANDLE YOUR HUD PURCHASE TRANSACTION FROM SEARCH TO
CLOSING.
Exclusive Buyer Broker
Frequently asked Questions (FAQ).
1.Who can buy a HUD home?
Answer. Anyone who can qualify for a mortgage or has cash can buy a HUD home.
2. How can I find out what HUD home are for sale?
Answer. HUD homes are sold through Participating Real Estate Agents. The listing
of HUD available for sale us updated daily.
3. Will HUD provide termite treatment or repairs if required by the lender on a
conventional loan?
Answer. HUD will only pay for termite treatment or repairs if required by the lender
on an FHA loan.
4. What is a HUD home?
Answer. A HUD home is a property that was previously financed with a FHA insured
mortgage and the former owner defaulted on the loan. The lender submits a claim
against the FHA insurance to HUD. HUD then pays the claim and the lender
subsequently deeds the property to HUD. The property is then assigned to an
official HUD contractor where it is managed, marketed, and made available for sale.