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James A. 'Jim' Byler
Coldwell Banker Residential Brokerage
Post Road Market Place 318 Main St, Suite 165
Northborough, MA, 01532
Office: 508-449-4026
Fax: 508-449-4026
Email
Visit NEMoves.com
Lic. #: 9043270 (Massachusetts)
finding gov repossessed homes Print

How do you find government-repossessed homes in the Boston MetroWest area?

The U.S. Department of Housing and Urban Development acquires properties from lenders who foreclose on mortgages insured by HUD. These properties are available for sale to both homeowner-occupants and investors.
You can only purchase HUD-owned properties. HUD will pay the broker's commission up to 6 percent of the sales price.
Down payments vary depending on whether the property is eligible for FHA insurance. If not, payments range from the conventional market's 5 to 20 percent.
One caution. HUD homes are sold "as is," meaning limited repairs have been made made but no structural or mechanical warranties are implied.


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Last Updated ( Thursday, 04 September 2008 )
 
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"This website is NOT the official website of Coldwell Banker Residential Brokerage" Coldwell Banker Residential Brokerage, is an Equal Opportunity Company. Equal Housing Opportunity. CBRB is owned and operated by NRT Incorporated. All rights reserved.

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