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Contact your local HUD office and get the information you need.

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10y ago

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Where can you find REO properties for sale?

There are many places on-line where REO (Real Estate Owned) Properties can be found. A few of these sites include: The Bank of America, Home Path and HUD Homes.


Is there a company that wholesales title insurance that you can sell and make a commission if you are a licensed insurance agency?

If you are an agent of an underwriter issuing title insurance policies, you keep 70% of the policy premium and any endorsements that are issued. The underwriter receives the other 30%. At least that's how it works in Florida. The percentage can vary from state to state. I believe South Carolina is 80/20. Your customers generally don't know this since the split is not disclosed on the HUD.


My mobile home is on some else's land If that land is foreclosed on does my home become part of the foreclosure?

Not unless the mobile home was part of the collateral offered for the loan that is in default or. For example, if the lender gave money to a borrower and secured a lien against land, then you placed the mobile home on the property, the mobile home is your property and was not part of the defaulted loan. You will be required to vacate the land, but should be able to take the mobile home assuming it belongs to you. Generally, true mobile homes are not real estate, they are personal property. A mobile home can become real estate if it is built after the 1970s, has a HUD sticker, is on a foundation and the owner pays property taxes. If this occured and was owned by person who defaulted on the loan, it might be part of defaulted loan. There may be a trustee of record for the foreclosure, if you are unsure about your rights you may contact them or an attorney for information


Related Questions

How do you sign up for a hud house you rent a hud apartment but you need a house?

Visit your local housing program and see if there is a HUD, or Section 8, house on the list available for rent. If you find a house that is not on the HUD list, a willing owner can apply to make his house available on a Section 8 basis.


What is the difference between a HUD home and a foreclosure?

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. All HUD homes are foreclosures but not all foreclosures are HUD.


What do you need to do for buying a hud house?

The process for purchasing a HUD house is not the same as you'll encounter when you buy a home from an agent. Once you have searched a home in HUd listings via website or other way, any HUD-approved real estate office can show you the property and help you out.


Are HUD homes the cheapest?

You cannot buy a HUD house from the US government. You have to go to a realtor who specializes in HUD houses and he will submit your bid and give you some great ideas on what to expect.


If you live in Indiana how do you put your house on Section 8?

You would apply to HUD to put your house on Section 8. Do this either online or call the local office to find out how to do this.


Are there any HUD homes for sale in my area?

Yes, there are many HUD homes for sale in your area. I would recommend contacting the realtor that is in charge of selling the house to inquire if it is on sale, or perhaps make some compromises or negotiations.


Can a person who is selling his house personaly give a HUD statement to the buyer?

No. HUD statement should come from an HUD personnel only. They are the ones who are only authorized to give such. If one person insists, never sign ahead unless you have contacted an authorized HUD agent to confirm documents.


Who can help to get a council house urgently?

go to HUD.GOV or google hud counselor


where can i find a hud house for rent in athens al?

in meridian ms need to find a hub house to rent


Where to apply for secion eight in garland Texas?

You would find your local HUD office, or go to the HUD online site.


What group of people would not benefit from HUD?

The wealthy.


Where can I find out information on building a house from HUD?

HUD has information available on their website. It can be found at: http://www.hud.gov/offices/cpd/affordablehousing/training/materials/building/ Be sure to search for all available information.