7/9/2010 HUD homes can be purchased by qualified owner occupant buyers for $100 down FHA financing and HUD will pay up to 3% of the closing costs. These homes are a terrific opportunity for families who want to own their own home but have not been able to save enough for down payment and closing costs.
During the first 10 days these homes are released to the market, only owner occupants can bid on them. Investors and second home purchasers can bid on them after that if there were no winning bid during the 10 days. There is usually a great selection still available at that time. The link below is a live feed from the MLS
Gilbert AZ available HUD homes
Only a HUD designated brokerage is authorized to place your bid on a HUD home. I have the experience to assist you in the process starting with showing you the homes, then advising you on the procedure and placing your bid and following the process through escrow until you are the new homeowner. Contact me today: Deanne 480-452-5567