HUD HOMES

I Am A Registered HUD Broker.  I Have Specialized In HUD Homes Since 1990!

Please Contact Me To View & Bid On The Properties Listed Below!
 realtoray@earthlink.net  /  661-212-1016

HUD Homes are properties that were taken back by the bank through either a trustee sale or judicial foreclosure.  The loan on the property was an FHA loan, which has insurance on the upper portion of the mortgage provided by the department of housing and urban development.

After the lender recovers the property through the trustee sale or judicial foreclosure, the lender contacts HUD to recover the insurance and give the property to HUD.  HUD then adds the property to its portfolio and has a property management firm prepare the property for sale.

HUD appraises the property and then offers the property for sale to the general public through the internet, however the buyer needs to pre-view the property and submit a bid through an approved HUD Real Estate Broker.  You do not pay for an appraisal, because HUD has already established what is called the appraised value, which is listed on the internet.

Properties are available to homeowner occupants, unless it is posted that the bidding is open to investors as well.

HUD AVAILABLE INVENTORY

 

Property 197-211612
Details
Address: 27822 Spyglass Ln, Santa Clarita CA 91351 (LOS ANGELES county)
Price: $113,000
As-Is Value: $113,000
Appraisal Date: 04/17/2008
Bed/Bath: 3/2
Sqft: 1,437
Year: 2000
FHA Financing: Insured (IN)
203K Eligible: Yes
List Date: 05/02/2008
Bid Deadline: Daily at 23:59:59
Priority: All Bidders
Special Comments
The lot size is 3500 sq ft, dwelling is a manufactured home (HUD LBL RAD1279630/1) Subject property located in Canyon View Estates. This is a leashold estate. (Lot is owned by CVE.) There is no HOA fee. However, at this time there is a monthly ground rent of approx. $900 that is subject to increase with the transfer of ownership. The fee includes the use and maintenance of the security entry, pools/spas, common areas and grounds, and the maintenance office. Prior to the close of escrow CVE will establish repairs required to meet HOA guidelines. The buyer is responsible for all costs associated with these repairs. (Repairs are referred to as a re-sale checklist)

 

Property 197-339553
Details
Address: 20048 Northcliff Drive, CANYON COUNTRY CA 91351 (LOS ANGELES county)
Price: $126,000
As-Is Value: $126,000
Appraisal Date: 03/12/2008
Bed/Bath: 2/2
Sqft: 1,086
Year: 2002
FHA Financing: Insured with Repair Escrow (IE)
203K Eligible: Yes
List Date: 04/11/2008
Bid Deadline: Daily at 23:59:59
Priority: All Bidders
Special Comments
The lot size is 3555 sq ft, dwelling is a manufactured home (HUD LBL RAD528570 & RAD528571). Subject property is located in Canyon View Estates. This is a leasehold estate. (Lot is owned by CVE) There is no HOA fee. However, at this time there is a monthly ground rent of approx. $900 that is subject to increase with the transfer of ownership. The fee includes the use and maintenance of the security entry, pool/spas, common areas and grounds, and the maintenance office. Prior to the close of escrow CVE will establish repairs required to meet HOA guidelines. The buyer is responsible for all costs associated with these repairs. (Repairs are referred to as a re-sale checklist)


 

Escrow Information
Repair water damage on SE corner of wood siding $100
Replace two service breakers $50
Replace carpet in living room, dining and bedrooms $650
10% Contingency Fee $80

 

Property 197-347729
Details
Address: 20171 Shadow Island Drive, CANYON COUNTRY CA 91351 (LOS ANGELES county)
Price: $126,000
As-Is Value: $126,000
Appraisal Date: 03/12/2008
Bed/Bath: 2/2
Sqft: 1,066
Year: 1999
FHA Financing: Insured (IN)
203K Eligible: Yes
List Date: 04/11/2008
Bid Deadline: Daily at 23:59:59
Priority: All Bidders
Special Comments
The lot size is 3510 sq ft, dwelling is a manufactured home (HUD LBL RAD539898 & RAD539899). Subject property is located in Canyon View Estates. This is a leasehold estate. (Lot is owned by CVE) There is no HOA fee. However, at this time there is a monthly ground rent of approx. $900 that is subject to increase with the transfer of ownership. The fee includes the use and maintenance of the security entry, pools/spas, common areas and grounds, and the maintenance office. Prior to close of escrow CVE will establish repairs required to meet HOA guidelines. The buyer is responsible for all costs associated with these repairs. (Repairs are referred to as a re-sale checklist)

Palmdale

 

Property 197-341782
Details
Address: 1834 Dahlia Court, PALMDALE CA 93550 (LOS ANGELES county)
Price: $245,000
As-Is Value: $245,000
Appraisal Date: 03/13/2008
Bed/Bath: 4/2.5
Sqft: 1,687
Year: 1993
FHA Financing: Insured (IN)
203K Eligible: Yes
List Date: 04/11/2008
Bid Deadline: Daily at 23:59:59
Priority: All Bidders
Special Comments
The lot size is 6448 sq ft.

Lancaster

 

Property 197-352675
Details
Address: 43417 Jennifer Lane, Lancaster CA 93535 (LOS ANGELES county)
Price: $170,800
As-Is Value: $244,000
Appraisal Date: 12/14/2007
Bed/Bath: 4/2
Sqft: 1,578
Year: 1988
FHA Financing: Insured (IN)
203K Eligible: Yes
List Date: 05/09/2008
Bid Deadline: Daily at 23:59:59
Priority: All Bidders
Special Comments
The lot size is 7,739 sq ft.

 

 

Property 197-347893
Details
Address: 44423 LEATHERWOOD AVENUE, LANCASTER CA 93534 (LOS ANGELES county)
Price: $183,000
As-Is Value: $183,000
Appraisal Date: 04/10/2008
Bed/Bath: 3/2
Sqft: 1,240
Year: 1956
FHA Financing: Insured with Repair Escrow (IE)
203K Eligible: Yes
List Date: 05/02/2008
Bid Deadline: Daily at 23:59:59
Priority: All Bidders
Special Comments
The lot size is 7911 sq ft.


 

Escrow Information
10% Contingency Fee $25
Repair damaged eaves $250

 

 

Property 197-337683
Details
Address: 640 E Jackman Street, LANCASTER CA 93535 (LOS ANGELES county)
Price: $168,000
As-Is Value: $168,000
Appraisal Date: 04/17/2008
Bed/Bath: 3/2.5
Sqft: 1,636
Year: 1987
FHA Financing: Insured (IN)
203K Eligible: Yes
List Date: 04/25/2008
Bid Deadline: Daily at 23:59:59
Priority: All Bidders
Special Comments
The lot size is 5700 sq ft.

 

 

Property 197-343226
Details
Address: 1315 East Avenue J-5, LANCASTER CA 93535 (LOS ANGELES county)
Price: $200,000
As-Is Value: $200,000
Appraisal Date: 03/27/2008
Bed/Bath: 3/2
Sqft: 1,407
Year: 1988
FHA Financing: Insured (IN)
203K Eligible: Yes
List Date: 04/25/2008
Bid Deadline: Daily at 23:59:59
Priority: All Bidders
Special Comments
The lot size is 8174 sq ft.

 

 

Property 197-349294
Details
Address: 8739 W Avenue E12, LANCASTER CA 93536 (LOS ANGELES county)
Price: $273,600
As-Is Value: $342,000
Appraisal Date: 01/17/2008
Bed/Bath: 3/2
Sqft: 1,448
Year: 1956
FHA Financing: Insured (IN)
203K Eligible: Yes
List Date: 05/09/2008
Bid Deadline: Daily at 23:59:59
Priority: All Bidders
Special Comments
The lot size is 2.39 acres.

 

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