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Thank you for your interest
in the HUD/FHA Foreclosure sales program.
NEW PROPERTIES COME OUT EVERY FRIDAY BY 12PM. Since bid
are due as early as the following TUESDAY (5 Days Later), PLEASE
call 718-835-8800 and register your fax number or e-mail address
so that we can get you the list immediately, visit our Weekly
Hot
Houses & HUD Homes
or come to our office
and pick up the weekly list. Your cooperation in viewing and inspecting
these properties is very important. Below are the 2 items that
are required to bid on the properties:
1. A Certified Check or Money Order for $1,500 made payable to Prudential Action Real Estate, as agent. This will be deposited into a separate escrow account pending outcome of your bid. A receipt will be given. Refunds will be given within 3 business days after notification if your offer is not accepted or applied to another bid.
2. A pre-qualification by a mortgage lender for the loan amount that will be needed. A dated letter on a lender’s letterhead must state the name(s) of the buyers, the amount of loan for which they qualify, the fact that a Credit Report was reviewed and approved by the lender, and the time period that the buyers have to make a purchase under the terms of that letter. Purchasers who are able to pay all cash must provide verifiable proof that they have the funds available at the time of the offer.
Upon your bid you will need to complete a HUD Sales Contract #9548, #92564-CN Rider, Agency Disclosure, Lead Disclosure, Owner Occupant Certification, Deposit Forfeiture Rider, Extension Policy, and Purchaser's Rights & Responsibilities Addendum. We will complete these with you.
FHA financing, including 203K rehab loans will be available with as little as 6-7% total money needed to buy to qualified applicants based on information provided above.
Please have the above information / documentation available to you upon property previews for failure to provide ANY of the above may result in your bid not being considered.
There is a special program for Law Enforcement and Teachers. Every Wednesday these "next door" listings are updated.
Once Again, NEW PROPERTIES COME OUT EVERY FRIDAY BY 12PM. Since bids are due as early as the following Tuesday (5 Days Later), PLEASE call 718-835-8800 and register your fax number or e-mail address so that we can get you the list immediately, visit our Weekly Hot Houses & HUD Homes or come to our office and pick up the weekly list. We wish you the best of luck in the bidding. Click here If your would like to receive our FREE List and Updates via EMail.
Please call us at 718-835-8800 or e-mail us at website@glensold.com with any questions.
Thank you,
Prudential Action Real Estate
Mortgage PreQualifications and PreApprovals are being offered prior to bidding. Find out exactly how much mortgage you can afford ! If you are interested, please call one of our Direct Mortgage Lender Professionals
Frequently Asked HUD Questions