Here are upcoming HUD changes coming on February 12. When you bought a HUD home in the last year HUD was giving some incentives to buy. They are going away on February 12, 2010
Attention Selling Brokers and Agents: The following HUD Owner Occupant sales incentives will expire as of February 12, 2010:
1. FHA $100 Down Sales Incentive
2. $2,500 Owner Occupant Sales Incentive (For properties with a purchase price of $25,000 or greater)
The incentives will be eligible on all owner occupant sales with a bid acceptance date on or before 2/12/2010. All owner occupant bids accepted after 2/12/2010 will not be eligible for the any of the incentives above.
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Russ Ravary your metro Detroit real estate agent
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