Government Repos
Only HUD approved brokers can sell government repos, and we are on the current list of providers. Want to find a great deal on a government home?
Search HUD government repos by clicking the "HUD Repo Search" tab in the upper right-hand corner of this page, just under our name & address. For detailed infomation on the properties or to view & write offers on one, contact us at 1-888-727-CHAD (2423).
Learn about buying HUD homes and get many of your questions answered here:
http://www.hud.gov/offices/hsg/sfh/reo/reobuyfaq.cfm#Who%20Can%20Buy%20a%20HUD%20Home?
Bank Repos
There is not one site at which the general public can search for bank repos. Banks list their properties with individual agents, and the only place you can find all bank listings are on local MLS related websites. The problem for you, the buyer, is that owner info isn't listed on the MLS for public knowledge, so it's impossible for you to weed out which homes are bank owned and which are not. Banks often request that their listing agents specifically leave out of their marketing comments that their properties are bank owned, because they know investors will then work them for aggressive prices. We have the ability to search bank-owned homes only, making it fast & easy to identify where the best deals might be, and are expert at helping our clients negotiate great deals on them.
To be emailed a current, complete bank-owned property list, with multiple photos & maps of the properties, fill out the basic information request at the bottom of this page. Your information will be kept private and we will use it only to provide the information you've requested.
Rehab Properties
Many repos, whether bank or government owned, are in need of repairs that exclude them from "regular" financing. A standard FHA or VA loan, for example, has condition requirements that many repos might not meet - but that doesn't mean you can't buy them. If you are interested in acquiring a HUD Home that is in need of repair, you may be interested in applying for an FHA 203(k) Rehabilitation Loan. When a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first to purchase the dwelling; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgage. Often the interim financing (the acquisition and construction loans) involves relatively high interest rates and short amortization periods. The Section 203(k) program was designed to address this situation. The borrower can get just one mortgage loan, at a long-term fixed (or adjustable) rate, to finance both the acquisition and the rehabilitation of the property.