Friday, July 10, 2009

More about HUD Homes

When the government bailed out the huge loan companies and banks one of the things they were doing was buying "bad" loans that these banks had given out. What this means for homebuyers is that government owned properties have more than TRIPLED since the bailout. AND - unlike a few years ago when government HUD homes could only be found in areas of low income. Now however HUD homes are all over - including very nice residential suburbs like KATY and CYPRESS and SPRING! These are good areas with great schools.

HUD homes are great homes that are discounted up to 70% off market price. AND if you get FHA financing you can own one of these homes with only a $100 down payment!

However, you have to have a HUD approved Agent in order to make a bid on these houses. If you are interested in learning more, check out our websites:

http://www.grantprograms.net
-OR-
http://www.tigerrealestate.net <--- fill out the contact form and we promise to get in touch with you within 24 hours.

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