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Contact Information |
Charles Still Russell & Jeffcoat Realtors 5599 Sunset Blvd Lexington, SC, 29072
Office: 803.233.7544 Cell: 803.240.3320
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finding gov repossessed homes |
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How do you find government-repossessed homes in the Lexington, SC area?
The U.S. Department of Housing and Urban Development acquires properties from lenders who foreclose on mortgages insured by HUD. These properties are available for sale to both homeowner-occupants and investors.
You can only purchase HUD-owned properties. HUD will pay the broker's commission up to 6 percent of the sales price.
Down payments vary depending on whether the property is eligible for
FHA insurance. If not, payments range from the conventional market's 5
to 20 percent.
One caution. HUD homes are sold "as is," meaning limited repairs have
been made made but no structural or mechanical warranties are implied.
Questions about Lexington, SC Real Estate?
Ask us below or Call us Now at
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Last Updated ( Thursday, 04 September 2008 )
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