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Qualify to buy HUD Foreclosures in Phoenix, AZAny qualified foreclosure buyer can make an offer on a HUD foreclosures through the services of a registered HUD real estate broker (such as Green Leaf Realty). A qualified foreclosure buyer is one who has the means and the ability to purchase HUD foreclosures. As stated before, this would be a foreclosure buyer (whether it is a first time home foreclosure buyer, teacher, police officer, investor, or non-profit organization) that is pre-approved for a mortgage (or has the verifiable amount of cash to purchase the foreclosure), has the required earnest money (see below), has the ability to close the transaction within 30 to 60 days, and is utilizing the services of a HUD registered real estate broker (call Green Leaf Realty at 480-888-1234). The process of buying HUD foreclosures differs from a typical foreclosures or residential real estate. In residential real estate, the buyer finds the home he or she likes and the agent presents an offer to the seller. The seller may counter the offer and this process continues until 1) the buyer and the seller find mutually agreeable terms to close the deal or 2) the buyer or the seller rejects the terms and both move on with their lives. There are no negotiations between buyer and seller when buying HUD foreclosures. HUD foreclosures are sold by a sealed bidding process where the highest netting bid (i.e. after all costs are paid, the net amount that HUD will receive for the foreclosure) wins the sale. There is no haggling about price because everything is spelled out in black and white when making an offer on foreclosures. If the offer is the highest grossing offer for HUD, they generally accept it. What's more, HUD responds promptly to the foreclosure offer, and if it is accepted, closing on the foreclosure will usually occur within 30 to 60 days.
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Ready to buy Phoenix
foreclosures, call Rob Madden is a multi-million dollar producing Realtor® with Green Leaf Realty, LLC in Phoenix that has advised, consulted and negotiated on the behalf of buyers of Phoenix foreclosures, home buyers and sellers across Phoenix. For more information on buying foreclosures, relocating to Phoenix, buying foreclosure real estate, or aggressively selling a home in Phoenix, call Rob directly at 480-888-1234.
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Rob Madden, Designated Broker,EcoBroker,ABR,CNE,GREEN,
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