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HUD Homes Salt Lake City Utah

Click here to search HUD's site for Homes for Sale

 

Walker Realty is a certified HUD Selling Broker (NAID#SXWLKE1410). For more information on HUD homes, how to buy a Salt Lake City Utah HUD Home, and to set up showings for HUD homes, please contact us.

HUD properties are offered for sale to qualified purchasers without regard to the prospective purchaser's race, color, religion, sex, disability, familial status, or national origin.

Buying a HUD Home

When someone with a Federal Housing Administration (FHA) insured mortgage can't meet the payments, the lender forecloses on the home; FHA pays the lender what is owed; and then the United States Department of Housing and Urban Development (HUD) takes ownership of the home. Then HUD sells it at market value as quickly as possible. We know you may have several questions regarding the purchase of a HUD property. We want to provide you with as much information as possible to assist you with your purchase.

Who can Purchase a HUD Home?
Any individual who can qualify for a mortgage or who can pay cash may purchase a HUD home. Purchasers must use a broker or agent who is registered with HUD to place a bid on a property. Purchasers must also have a pre-qualification letter from a lender or proof of cash funds in the amount of or greater than the property they are purchasing.

How are HUD Homes Sold?
All HUD Homes are listed on our website at their 'AS-IS' fair market value. Purchasers (with the exception of special program purchasers) must obtain the services of a HUD Registered Real Estate Agent. Agents may submit bids on HUD properties on behalf of their buyers. The bid that meets the acceptable threshold and has the highest net to HUD receives a provisional bid acceptance subject to receipt of all required documents. Once a bid is accepted an original Sales Contract Package must be submitted to MCB with 48 hours.

How is Fair Market Value determined?
Fair Market Value is determined by a licensed FHA appraiser. Copies of the FHA appraisal are available to the lender by request after a property is under contract. If a property is exposed to the market without any acceptable offers then a reduction of the listed price may occur.

Does HUD make any repairs to the property?
No. All HUD properties are sold in their 'AS-IS' condition. There are no representations or warranties, expressed or implied, on any HUD property. HUD does not guarantee the condition of any property, FHA-insurable or not, nor whether it meets local codes or zoning requirements. Purchasers are advised that there may be code and/or zoning violations on these properties and that it is the responsibility of the purchaser to identify these violations. Buyers are very strongly encouraged to have homes inspected by a qualified home inspection company to satisfy themselves as to the condition of the property at the time of sale.

Access to the Property
Owner Occupant and Investor purchasers MUST be accompanied by a broker or agent when viewing any HUD home listed for sale. Buyers may not enter a house without their broker/agent for any reason prior to closing. Brokers and/or agents must accompany any individual performing services such as home inspections, appraisals, or certifications. Brokers and agents may only use their keys for their own legitimate use. Keys are not permitted to be lent to any other individuals associated with any sales transactions.

Repairs, Improvements, or Occupancy Prior to Closing
No work is to be done to ANY HUD property prior to the close of the transaction. An accepted bid is NOT a transfer of ownership. Purchasers do not own the home until it is recorded in their name. Purchasers may not use the home for storage of personal items or occupy the premises under any circumstances. Occupying or working on a HUD home prior to the close will be treated as trespassing. Failure to abide by this policy can result in the cancellation of the sale transaction, forfeiture of the earnest money deposit and may also involve suspension of bidding privileges for the selling agent and brokerage firm.

Found: 1
Avg: $248,000
Avg $ SqFt: $123
Search Area: Alta, Bluffdale, Brighton, Copperton, Cottonwood Heights, Draper, Emigration Canyon, Herriman, Holladay, Kearns, Magna, Midvale, Murray, Riverton, Salt Lake City, Sandy, Snowbird, Solitude, South Jordan, South Salt Lake, Taylorsville, West Jordan, West Valley City
Price: $0 to $50,000,000
Style: NA
Sale Type: HUD Owned
Show:
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$248,000
5927 S 5665 W, Kearns UT 84118
4
BEDS
4
BATHS
2,002
SQFT
$124
$/SQFT
0.22
ACRES
1999
BUILT
"HUD HOME SOLD AS-IS BY ELECTRONIC BID ONLY. HUD CASE#: 521-896777 AVAILABLE BEG. 08/10/2017 THE PROPERTY IS IN OWNER OCCUPIED BIDDING STATUS WITH INITIAL BIDS DUE BY 08/20/2017 @11:59:59 PM (CST). $1,000 Earnest money required in the form of Cashier or bank check made out to buyer's selected title company and delivered to our office. Standard disclosure Sage Acquisitions, LLC HUD and /or owners make no warranty to the existence of (LBP) Lead Based Paint and or Mold in any property and is not liable for any harmful effects. In case where plumbing deficiencies exist, approval for water turn-on may be denied. Buyer must verify all. In no event will seller perform repairs on any property before or after closing. BUYER TO VERIFY ALL INFO. PLEASE SEE AGENT REMARKS FOR BID WEBSITE AND INSTRUCTIONS"
 
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