How does a home become a HUD home? How do you purchase a HUD home? 1>an FHA loan is foreclosed on by lender, then>the home is deeded to HUD by lender once claim has been paid, then>home is inspected by GFRS and secured, then> initial cleanup is done, then>an appraisal is ordered and performed, then>a price is determined by GFRS, then>home is listed on GFRS website and MLS, then>your qualified realtor (Ivan) previews property and shows to you, then>Ivan submits bid on your behalf, then>bid is opened by GFRS, then>Winning bid is determined by GFRS and tentatively accepted, then>Original documents are delivered to GFRS by Ivan for review, Then>GFRS signs contract and notifies Ivan, then>You or your lender funds the transaction, then>Transaction closes, then>You (happy new homeowner) change locks and move into your property..NOT DIFFICULT, JUST DIFFERENT.... For a list of all available HUD homes click on 'HUD home listings' then 'e-bids and results' on the golden-feather page.

Owner occupant purchasers receive special consideration during the first few days that a HUD foreclosure is on the market. Also, periodically HUD will offer special bonus programs for Owner Occupants. HUD may also pay some of the closing costs for owner occupant purchasers..Call Ivan for details (503-277-2773)......For a list of all available HUD homes please click on 'HUD home listings' then 'e-bids and results' on the golden-feather page.

If you are looking for property to purchase with repairing, renovating, refurbishing and enhancing for resale in mind, HUD properties often offer great value for you. If you are looking for properties as rental investments, HUD properties will very often fit your budget. Call Ivan (503-277-2773) for details and for a list of all available HUD homes please click on 'HUD home listings' then 'e-bids and results' on the golden-feather page.

HUD is very willing to allow inspections. However, no repairs will be made by HUD and HUD will not allow the purchaser to make repairs prior to closing. Also, HUD does not allow inspection contingencies. This means that HUD homes are purchased as is. Before placing an offer on a HUD home we will check with your lender if there are concerns about possible lender required repairs. Often these can be dealt with by using an escrow hold. Sometimes it is just a matter of making the lender aware.........For a list of all available HUD homes click on 'HUD home listings' then 'e-bids and results' on the golden-feather page.

Purchasing a HUD home is much like purchasing any other home. It is not difficult, just different. The biggest differences are that the buyer must have a letter of pre-approval and an earnest money cashiers check or money-order prior to placing their offer. We watch over the process to be assured that things are done correctly in order to give you the best possible chance of winning the bid. Call us! .......For a list of all available HUD homes please click on 'HUD home listings' then 'e-bids and results' on the golden-feather page.

Closing dates for HUD purchases are set by HUD upon acceptance of your contract. The vast majoraty are set for 45 days from mutual acceptance. Occassionally, 30 days is possible but is rare. Also, HUD chooses the closing escrow/title company to be used......For a list of all available HUD homes click on 'HUD home listings' then 'e-bids and results' on the golden-feather page.

It is important to choose a real estate broker with experience in dealing with HUD properties. If purchasing a HUD home in Clackamas, Multnomah or Washington County is of interest to you, the wise first step is to call Ivan 503-277-2773. For a list of all available HUD homes please click on 'HUD home listings' then 'e-bids and results' on the golden-feather page.