Prospective homebuyers and investors who are interested in the distressed property market in Naugatuck, Connecticut are urged to consider HUD homes. Offered by the U.S. Department of Planning and Urban Development (HUD), this type of real estate presents significant financial advantages for those who wish to stretch their dollar or purchase a property that previously seemed out of reach. Edite Calabrese is a distressed property specialist and your best chance to navigate the Naugatuck, CT HUD homes market.
Naugatuck, CT HUD homes are like any other type of traditional real estate, and a search will uncover everything from single-family homes to townhomes, or even luxury estates that are now designated as a HUD property. The major difference from traditional real estate – as well as foreclosures and REO properties – is that HUD properties were once backed by FHA loans and thus ownership has reverted to the federal government and not a private lending institution. As a result, buyers may see attractive incentives that the government has instituted, such as lower down payments, competitive financing and assistance with closing costs.
Naugatuck CT HUD Homes for Sale
Investing in Naugatuck, CT HUD homes for sale or any type of distressed property is a complex process that requires the aid of professional Naugatuck and Middlebury Real Estate Agents. If you think that this type of property is right for you, enlist local Realtor® and HUD property expert Edite Calabrese to help assess your short and long term objectives, determine if a HUD home best serves your needs, and then manage all of the necessary steps to secure the perfect one.
For more information regarding Naugatuck, CT HUD homes, as well as all Naugatuck CT Homes for Sale, contact Realty Executives ICON and speak with Edite Calabrese today.
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