Better than Bank Owned?
Yes, and here are the main 4 reasons:
- Bigger price reductions – 10 to 25% of listing prices!
- Minimal competition – HUD loopholes that will allow you to know if you are the ONLY BIDDER!
- Very few agents are showing HUD homes (90% are not even registered!)
- Easy to predict (if you know the formula) bank bottom line and price reductions
BEFORE they actually happen!
And of course the bonus reward – 50% discounted LOTTERY HUD homes.
Here is what Larry Jacobson had to say about his HUD condo purchase:
“The condo price dropped by 35% in one drop, but the price reduction wasn’t recorded yet on the RMLS, and so we were the only bidders and got it for a super low price. A few weeks later we rented it and now we’re enjoying positive cash flow. It was very exciting.”
Here is what Sherry and Frank had to say after buying their HUD home:
“We were just about full of looking for home after about 2 years. We had several times of waiting for something to close. There were many disappointments. Then I was looking again at NWForeclosureNetwork.com listings. I went to their office the next morning. I showed them what we were looking for and by that afternoon I got a call. We went to look at the home and early evening signed on it. It’s beautiful. This all took less than 24 hours.
This is unbelievable to us but it’s true. I am so thankful to all the People that put this together for us. This has now been great experience. If you need a home these people know how to get one for you at a great price. They get the reduced price before they even appear on the computer. Ours dropped $21,000 and it never did show that drop any place. But they found it. I hope everyone had the same experience we did.”
Steve & Sherry Franks