A foreclosure or REO(Real Estate Owned) is a bank owned property. We are a HUD Certified broker which allows us to work with buyer’s in purchasing HUD homes. HUD stands for Housing and Urban Development and is a government entity. Often times clients ask if a HUD home means that the home is in bad condition. Although this can sometimes be the case many times it is not. In fact some HUD foreclosures are in move in condition. A HUD foreclosure is a home that previously had an FHA loan. These homes are usually marketed with a 10 day silent online auction.
Short Sales: A short sale is situation when a seller owes more on the home than it is worth. A short sale can be an option in the event a borrower is experiencing a financial hardship. We work with a team of short sale negotiators that can help you through the process. Please contact us for more information.