HUD Homes in Los Angeles

 

HUD stands for “Housing and Urban Development” – it basically refers to a certain type of foreclosure that the government handles.

 

There are numerous advantages  to buying a foreclosed property:

 

1. You can get the best deal on foreclosures – few agents specialize in this area, and not a lot of buyers even know about it. That means less competition for you.

 

2. You have LOTS of choice – regular listings sell quickly, with multiple offers, often above asking price. The foreclosure list, on the other hand, comes out every Friday like clockwork. Most of the properties are underpriced.

 

3. You can bid on them easily – bids are NO HASSLE, free to place, can be canceled at any time, and can be taken over the phone. Buyers who get the best deals make LOTS of bids.

 

4. You get a VACANT property – no sketchy tenants, no low rents. If you are looking to buy an income property, you may already know that Los Angeles is under rent-control – that means on a regular property you may end up with low-paying tenants who won’t move! A vacant foreclosure means FULL market rents, FULL security deposits, and tenants YOU choose.

 

What do I do? I will show you the inside of the property, advise you on bidding, place the bid on your behalf, and guide you with daily contact.

 

If you are interested in getting the Government Foreclosure list emailed to you every week, free of charge, fill out the form below.