m.l.s. properties || h.u.d. properties ||
foreclosure properties ||
A few options to find a home or investment property in
should know while searching M.L.S.
The Multiple Listing Service is the main online
database of all houses for sale in the state. It is the most
comprehensive list of homes or condominiums for sale. There are also
multiple units for investors, land, and some commercial properties.
MLS lets you search by criteria such as neighborhood, school districts,
number of bedroom/bathrooms, square footage, etc.
It is the best way to search for a primary or secondary
residence. The listed properties can be viewed with a Realtor who
holds an MLS key that allows access to the residence.
Some public online searches often pull up active
properties as well as properties which are already pending, and that is
waste your time.
A Realtor can also fine tune a search and email you a link
to the search that is automatically updated for 30 days.
If you have any questions or would like to view a property
call Eric or Jolaine anytime at 602.885-1010.
a property M.L.S. - SEARCH
Buying a property from H.U.D.
The Federal Government's
Department of Housing and Urban Development provides protection to
lenders for loans. When a secured loan goes into default for over 90
days the loan may be foreclosed on,then H.U.D. pays off the original lender
and takes possession of the property. H.U.D. will value the property as
close to market as possible. However many times these homes are not
in the best of shape and they are sold at a discount.
Click here to read more about H.U.D. homes
Similar rules also apply to
Fannie Mae-Owned Property Search
Buying a VA home
*VA and Regular REO
Residential Properties for Sale Find By State
Placing a Bid
A licensed Realtor who has been approved by HUD must place all bids
on HUD homes. The first 10 days are reserved for anyone bidding
for a primary residence. Only if the house has not been sold
after 10 days are investors eligible to bid. One may still acquire a "below market" property
if proper due diligence is done before making an offer.
NOTE: Higher margin properties will probably sell for above H.U.D.'s assessed
H.U.D. homes are sold "as-is", therefore, buyer
should beware and get
Buying a H.U.D. home is a bidding process with feedback on your offer within 24 hours.
You must have financing already in place and be able to close within
Only purchasers buying their primary
residence may bid the first 10 days on the market.
After the first 10 days, anyone may submit
All offers must go through a registered
real estate agent.
Agents may charge between 0 and 5% for
their services - comes out of H.U.D.'s proceeds.
Website to search H.U.D. held properties or ask your agent.
If you have any questions or if you are interested in viewing
or bidding on a HUD property
call Eric or Jolaine anytime at 602.885-1010.
a property H.U.D. PROPERTIES
Before HUD gets a property it must be foreclosed on and have gone to
auction without any successful bidders. Auctions are frequently done
near the steps of the County Courthouse in downtown Phoenix, Lawyer's offices,
or other venues. There are "middlemen" that constantly purchase auctioned properties
keep for investments, or resell them for a small fee.
Again - buyer beware because most
foreclosure properties are being sold "as-is", therefore much more
care is prudent. Typically the seller has never lived in the
property so there are no or very few disclosures. This makes
inspections that much more important.
Local "middlemen" Websites:
Foreclosures-4-investors.com - Browse
or Sign up for email list of foreclosed homes for sale.
- Browse or Sign up for email list of foreclosed homes for sale.
a property FORECLOSURE AUCTIONS
Get 16% Return when you invest in Real
Estate backed debt.
Anyone may purchase a
property's unpaid taxes and receive 16% in Arizona for their efforts.
On occasion you may actually acquire the property
itself (albeit much less then 1% of the time).
You don't know when the investment will be redeemed (get your
You may have additional expenses to obtain the
property if not redeemed.
There may be problems with the property you bought
the back taxes on.
MaricopaTaxLiens - Invest in property tax liens (16%) and possibly get the property.
in real estate ARIZONA TAX LIENS 602.885-1010
our experience in construction, finance, and real estate to assist you in
your investment. Feel free to email
HousetoHomeRealty@cox.net or call
Eric or Jolaine at 602.885-1010 if you have any questions about the
purchase of a foreclosure property, or, if you would like a Comprehensive
Market Analysis. We will require the address, and as many facts as
you have about the house such as, number of bedrooms/baths, square
footage, garage or carport, etc.