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SpinDistribute.com Article Directory

The following article was published in our article directory on December 22, 2012.
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How to Find Bargain Private and Agent Real Estate Listings. Hud homes for sale in Florida

Article Category: Advice

Author Name: Real Estate Investor

Now is a great time to buy Real Estate. Private Seller and Real Estate Agents are busy as ever over the next few years in this buyers market. There are many competitively priced HUD homes in Florida and Nationwide. Finding a good Real Estate listing website can benefit both the seller and buyer.

What is a HUD Home?
A HUD Home is a one to four unit single-family residence, condominium or townhome that has been conveyed to HUD by the lender as a result of foreclosure when the borrower defaults on the FHA-insured loan. HUD in turn sells the property at �AS IS� market value based on a recent appraisal as quickly as possible through an Asset Manager (AM) Contractor

Selling HUD homes are an open selling process. As long as you find a HUD registered bidder to work with, then you can place a bid on a hud home under the following conditions.

Anyone with a valid Tax ID (*SSN or Employer Federal Tax ID) issued in the United States can buy a HUD home. Potential buyers must qualify for a mortgage or pay cash to buy a HUD home. Buyers must have a pre-qualification letter from a certified lender, or proof of funds in the amount of, or greater than the gross purchase price of the property.

Florida Hud homes can be found at this author's website

For a limited time, FHA offers sales incentives on HUD homes that will make these homes more affordable for homebuyers when purchasing a property using FHA-insured financing. The incentives VARY from state to state but may include: low down payments; sales allowances that can be used to pay closing costs, make repairs, or pay down the mortgage amount. The benefits of FHA financing are low down payments; competitive interest rates; flexible credit qualifying.

Real Estate agents and private sellers can also benefit by listing their property for sale at Real Estate Listings website in the Author section

Keywords: Private and Agent Real Estate listings, hud homes, hud homes for sale in Florida, Florida Real Estate Investor

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