About to make first HUD purchase!?
Hey guys,
Looking for some quick advice on a HUD sale:
My boyfriend is going to be making a full-price offer on a HUD property tomorrow, and I'm trying to figure out what the bottom line is for the amount of money he will need to close.
Can someone who has dealt with a HUD sale before give me a little info into how it works? At this point he has a pre-approval for conventional financing through a local lender, but will HUD be offering any deals for financing as part of the sale?
Any help would be really appreciated, as this will be our first investment property purchase!!