All of these home listings are thru HUD Foreclosures
and are currently open to the public for bidding. There
are some equity opportunities
on some of these properties that may just need a little
fixing up. All of the properties shown today could be
gone tomorrow. Don't let this pass you by! For more
info about these properties, contact KevinS@MnRealEstateTeam.com
The process for obtaining these properties is to submit
a bid thru a registered Broker, which can be done thru
our team, Minnesota's
Real Estate Team and Re/Max Advantage Plus.
These bids will be reviewed by HUD and the highest acceptable
net bid will be selected. Investors are required to
put down 25% down on these properties. Earnest money
that is required is $1,000 for offers greater than $50,000;
(not to exceed $2000). Currently, HUD will pay up to
and may not exceed 3% of all closing costs considered
to be reasonable and customary in the jurisdiction where
the property is located. |