Interested in Government Owned Property - We're now HUD Approved

Interested in Government Owned Property? – We’re now HUD Approved

Prudential Prime Properties Wolfson Cutler is proud to announce that we’re now approved to sell HUD (Department of Housing and Urban Development) properties.

Description of HUD Housing Program as found @ http://www.hud.gov/offices/hsg/sfh/reo/reobuyfaq.cfm

What is a HUD Home?A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.
Who can buy a HUD Home?Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
How are HUD Homes sold?All properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD. Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker's commission, if included in the contract.

Local Newsroom: Massachusetts
http://www.hud.gov/local/index.cfm?state=ma&topic=news&x=9&y=3

HUD homes are listed during the week, often at a substantial discount to the general public first to private buyers, non commercial/investors first. If an offer hasn’t been accepted after 15 days then the property is opened up to investors. Offers must be presented/submitted online by a HUD approved real estate broker via the HUD special website for real estate brokerages. There are special HUD keys to access the properties, only HUD brokers/agents can show HUD properties because of these special access keys.
Please feel free to contact for further info and if you have interest in these properties.
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