www.eHUDinfo.com

Thank you for visiting eHudInfo.com , West Michigan's Leading Source For HUD Home Information, HUD Homes For Sale and HUD Home Buyer Representation. Our goal is to educate you and give you all of the information you need to make the most well informed decision possible when buying HUD homes.

The process of Buying a HUD Home in Michigan is different and much more structured than purchasing a home from a private seller. Before beginning your search for the perfect Michigan HUD Home to buy, we encourage you to read the free report below titled " 4 Things You Should Know Before Making An Offer To Purchase A Hud Home" . The information this free report contains could save you thousands of dollars and many headaches.

To receive a free list of current HUD Homes on the market today, just email me at Lloyd.Reed@ERA.com and put "Free List of HUD Homes" in the subject line. In the body of your email tell me what price ranges, areas, and any other information that is important to you and I will get your free list of HUD Homes emailed to you immediately.

Once again, thanks for visiting eHudInfo.com and happy Hud Home hunting,

Lloyd Reed
HUD Buyer Representation Expert
ERA Network Real Estate Associate Broker, Realtor®
Lloyd.Reed@ERA.com
616-456-7500 x 114

4 Things You Should Know Before Making

An Offer On A HUD Home

1. You must use the services of a licensed real estate agent to purchase a HUD home. Not just any agent can write the offer. Only an agent whose broker has received what is called an NAID Number from the broad listing broker can do so.

2. You will need a minimum $500 earnest money deposit when you write the offer on homes $49,900 and lower and a minimum $1,000 earnest money deposit on offers above $49,900. This deposit must be in the form of a certified check to your real estate broker.

3. You must be fully approved with your lender prior to writing an offer to purchase a HUD home. If you are not and you cannot complete the purchase HUD will more than likely keep your earnest money deposit. There may be repair money already owed to HUD for repairs they made prior to your offer to purchase. Your real estate agent should make sure that there are either no repairs monies owed or that you understand how much is owed because you will be expected to pay this at close.

4. Time is of the essence when writing an offer to purchase a HUD home. Your real estate agent must overnight mail all original documents to HUD’s attorneys within 48 hours of the acceptance of your offer. If this does not occur, HUD, at its’ discretion, may terminate your offer to purchase.

This information provided by Lloyd Reed for use by www.eHUDinfo.com

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