HUD Home Sales Resume in Alabama
If youâ€™ve thought about buying a HUD home (a foreclosure now owned by the U.S. Department of Housing and Urban Development), hereâ€™s news youâ€™ll find interesting. The federal government has announced that it is returning HUD homes to the market for sale to the public, following a several months long suspension. HUD froze the program in Alabama following Hurricane Katrina so that housing could be kept available for storm victims.
Hooks Van Holm is the company that oversees the sale of HUD homes for the government in Alabama. You can see what areas in the state have HUD homes for sale at any given time by visiting the companyâ€™s website. HUD homes can sometimes represent a good opportunity to buy a home at below market cost.
Offers on HUD homes must be made through a Realtor. I have considerable experience in helping buyers purchase HUD homes here in the Shelby county area. HUD homes are typically offered first to buyers who plan to occupy them, but many times are sold to investors. Want more information? Give me a call at 356-5412 or e-mail me. Thanks!