New Haven County has for generations been a thriving destination, admired by visitors and residents alike for its flourishing population, abundance of amenities and selection of residential properties. But even it has not been immune to the ailing national real estate market, which has spurred a growing number of foreclosures, short sales, REO, and HUD homes in communities such Waterbury, Naugatuck and Southbury. Among the selection of distressed properties to choose from, Waterbury, CT HUD homes in particular are quickly gaining the interest of buyers and investors seeking discounted prices.
What is a HUD home? It is a specific type of real estate owned (REO) home where the owner of the property is not a bank or private lending institution, but is instead the federal government. In cases where the Federal Housing Authority has backed the original mortgage, a foreclosed home becomes the property of the government, and subsequently the U.S. Department of Housing and Urban Planning (HUD) is put in charge of selling it. Currently, HUD is instituting attractive programs for buyers who are looking specifically for foreclosures, short sales and REO homes. Along with being able to properly inspect HUD homes like a traditional property, as well as purchasing one with a mortgage, buyers can also take advantage of heavily reduced sale prices, low down payments, and tax incentives.
Waterbury CT HUD Homes for Sale
Edite Calabrese is a Realtor® and distressed property specialist who has the knowledge and skills necessary to manage your search for Waterbury, CT HUD homes for sale. Rely on her to navigate the complex process of identifying the properties with the most potential, and making sure that all required steps to purchase the home are managed properly. She can also help with traditional and distressed properties in the Southbury real estate market and homes throughout New Haven County and Litchfield County.
For more information regarding Waterbury, CT HUD homes and other attractive properties such as Southbury homes for sale, connect with Edite Calabrese at Realty Executives ICON today.
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