HUD Home Listings
There are a number of HUD home listings that currently open to the public
for bidding. For more info about these properties and how to view them
and/or purchase, contact Ryan@MnRealEstateTeam.com
The process for obtaining these properties
is to submit a bid thru a registered Broker, which can be done thru our
Minnesota Real Estate Team of 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.