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Welcome to Hunter Real Estate!  We are located in Lexington Kentucky.  We Service the Surrounding areas of Lexington, which include Nicholasville, Versailles, Richmond, Berea, Winchester, Georgetown, Lancaster, Danville, Frankfort and Lawrenceburg.

We are a  HUD Broker for the Lexington Area.  We are very excited about this opportunity to service HUD Properties.  If you are interested in HUD Property please check out the HUD Store Home Page   Hud Properties  Please also check out Sage Properties Sage Properties   Pemco Pemco   and Ofori  and last but not least Home Telos

Q: Who can buy a HUD home? Are they only available for low-income buyers?
All HUD homes are offered without regard to race, color, religion, sex, national origin, handicap, or familial status. Anyone who is pre-qualified for a mortgage loan may offer to purchase a HUD home. These homes are not exclusively for low-income buyers, but most are regarded as affordable for low to moderate- income purchasers within the market areas where they are located. There is an initial period when only owner occupants are allowed to purchase, after which time investors may also buy. No employee, relative, or business relation of the M&M Contractor or its subcontractors may purchase any of these properties.

Q: How do I start the process of buying a HUD home?
The broker must be registered and have a NAID with HUD to sell these homes. Agents can help clients get pre- qualified for a loan, show the available homes to clients, write a Sales Contract for the client to sign, and place an offer by electronic bid on behalf of a client.

Q: How do I start the process of buying a HUD home?
The broker must be registered and have a NAID with HUD to sell these homes. Agents can help clients get pre- qualified for a loan, show the available homes to clients, write a Sales Contract for the client to sign, and place an offer by electronic bid on behalf of a client.

Q :   Is it possible to get a list of the properties in my area?
Yes. You may keep informed about available HUD homes by viewing the property listings on this web site. Simply click on HUD Properties For Sale. This information is real time, so always check before you go out with your client to see properties. You may also want to set up  watchlists for  areas of interest.

Q: Some HUD-owned houses might not be in good condition. Does HUD make repairs?
HUD homes are sold “as is,” without warranty. That means HUD generally will not make repairs except to preserve and protect the property or to eliminate a major safety issue. Known defects are reflected in the price and stated in the listing on the website, as well as on the Property Condition Summary sheet.

Q: How do I make an offer to purchase? What happens after I place a bid?
A HUD registered real estate agent or broker must place an offer in the form of an electronic bid on behalf of the client.

If the bid offers the highest price, net of closing costs and commissions, above the minimum acceptable price, then the bid will be acknowledged, assuming all other considerations are met. The bid will become the acknowledged bid listed in “Search Offer Results,” allowing the agent or broker 48 hours to deliver to the appropriate Regional Office the complete and correct Sales Contract package with all addenda signed, a copy of the loan pre-qualification letter, and the earnest money check. A thorough description of how to complete this all-important contract package and get it in correctly and on time is given in the Guidebook for Real Estate Professionals available on this site. Only when a complete and correct contract package is submitted on time will the M&M contractor sign on behalf of HUD as Seller. Otherwise, your bid may be cancelled and the property may be offered to the next highest acceptable bidder, or it may be placed back on the market for others to bid.

Q: Can a HUD home be purchased as an investment property?
Yes, but owner occupant purchasers are given priority for the initial listing period that the house is on the market for the general public. Owner occupants are persons who will affirm in writing that they have not purchased a HUD owned property in the last two years and they will live in the home as their primary residence for at least one year. After the initial listing period, investors may purchase the houses for resale or for rental.

Equal Housing Opportunity

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