AZ HUD Homes Housing in AZ HUD Home For Sale House Arizona

Arizona HUD Owned Homes
Expected to Surge

AZ HUD Homes Housing in AZ HUD Home For Sale House Arizona

AZ HUD Homes Housing in AZ HUD Home For Sale Arizona

AZ HUD homes are a terrific bargain right now!

Something to note:
*  Buyer’s should be pre-qualified already
*  If going with FHA financing, appraisal has to already been done

Remember we are a registered AZ HUD and Fannie Mae bidder!

The U.S. Department of Housing and Urban Development is going to be releasing more of its homes to the Arizona market, which could be welcome news to buyers who have faced record low for sale inventory.

Over the next two years, experts predict that HUD homes on the Arizona market will increase significantly as lenders work through the backlogs of AZ foreclosures and Arizona foreclosure reviews.

“The inventory is there, it’s just not being released during the banks and servicers review of the loan and mortgage documents,” says HUD listing broker in California, which is already seeing an increase in HUD-owned homes.

“HUD homes are back,” said HUD agent. “FHA financing went away with the ‘creative’ financing of the 80/20 loans, and now with the increase of FHA financing, these government backed loans guarantee that if the borrower defaults, HUD will pay off the mortgage, take the deed, and re sell the home.”

Arizona HUD owned homes can be appealing because of the discounted sales price, even though they can be in renovation necessary conditions often times. HUD had 40,000 homes in it’s REO inventory nationwide 2013 — with 20,000 of those having pending contracts on them, according to the U.S. Department of Housing and Urban Development.

AZ HUD Homes For Sale in Arizona

AZ HUD Homes For Sale in Arizona

AZ HUD homes add to inventory-starved market in Arizona

For investors looking to focus on AZ HUD homes, executive director of the District Real Estate Investors Association says working with a HUD-approved broker is key.

“They have direct access to these homes, are educated and have the knowledge to navigate what could be a complex situation with arduous paperwork,” she said. “They also have the time and ability to monitor the HUD website. If there is a specific property you are interested in then this is where your relationship with your agent is extremely valuable.”

Please feel free to contact us and we can provide you with additional Arizona HUD information to guide you through the HUD Home buying process in AZ. We look forward to hearing from you and working with you soon!

Our best,
Carl Pepper, Realtor
Tucson: (520) 822-6575
Phoenix: (480) 382-9191

Featured HUD Home Listing: 11767 Copper Creek Drive Oro Valley, AZ 85737

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