Can you believe this?-HUD Sales IncentivePosted by Nicole Winsauer on Monday, December 3rd, 2007 at 12:21pm.
Can you believe this?Last Friday, HUD (FHA Foreclosures) came out with a sales incentive program on all of their "uninsured" properties. Uninsured is a word they use meaning needs work or, as they say, a little TLC. Just about every HUD home needs work some just a little some a lot, however this is reflected in the price. For any property that is listed as "uninsurable", if the borrower finances the property with a 203k loan (an FHA fix-up loan), HUD offers a financing incentive of only $100 down!Let all your friends know about this special offer from HUD - it may not last long!