HUD Foreclosures in Phoenix, AZ
HUD foreclosures can be a great investment for potential
foreclosure owners and foreclosure investors. Often times, the
foreclosures can be
purchased at a significantly reduced market value.
As a potential HUD foreclosure buyer, remember the
following:
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You must use the services of a HUD registered real
estate broker (such as Green Leaf Realty, 480-888-1234)
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You must be pre-approved for a mortgage or show
evidence of adequate cash reserves to purchase the foreclosure
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Owner-occupied foreclosure bidders receive the first
priority to purchase HUD foreclosures
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HUD offers three types of foreclosures: FHA insurable
foreclosures, FHA insurable foreclosures with a repair escrow and
foreclosures that are not
insurable with an FHA loan.
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You do not have to finance HUD foreclosures with an FHA
loan
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HUD foreclosures are sold "as-is"
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Before making a bid on a HUD foreclosure, you must provide
your HUD registered real estate broker with the appropriate earnest money
in the form of a cashiers check or money order.
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If the foreclosure purchase price is $50,000 or less, the amount
of the earnest money required is $500. If the foreclosure purchase price is greater
than $50,000, the amount is $1,000.
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Your earnest money check should be made payable to
the escrow account of your HUD registered real estate broker.
You can obtain a list of Arizona HUD foreclosures currently
for sale by clicking here. If you need
a HUD registered real estate broker, call Green Leaf Realty at
480-888-1234.
To return to the beginning of this foreclosure article,
click here.
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Ready to buy Phoenix
foreclosures, call
Rob Madden, Realtor
Foreclosure Specialist
directly at
480-888-1234.
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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Copyright ©2000-2010.
Rob Madden, Designated Broker,EcoBroker,ABR,CNE,GREEN,
Green Leaf Realty, LLC.
15849 N 71st St., Ste 100, Scottsdale, AZ 85254 - http://www.phoenixazforeclosures.com
Green Leaf Realty is a HUD approved real estate company.
Click here to search for Phoenix Green
Homes For more information, contact us at: Office:
602-993-7509 Direct 480-888-1234
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