HUD/REO and Foreclosures
	It is important to dispel some myths about HUD (Housing and Urban Development) and REO (Real-Estate Owned) properties. On average, there is very little quality difference between a HUD/REO property and a regular property. The main difference is the possibility of getting a deal on a property that can be bought at below market price. There is some concern that HUD/REO properties may have been mistreated or neglected by the previous owner, and while there is good reason to be cautious, a veteran real estate team like Richard Payne Investments can determine the best deal when there are questions about a particular property.
	As a property investor or home buyer, HUD/REO properties can provide a unique opportunity of purchasing property below its market value. For short-term investors, profiting from the quick turn-around on the sale of these properties is a realistic objective. For those seeking a new home, it can mean more financial options and a real chance at home ownership.
	There are two factors to consider when looking at HUD/REO properties:
	Actual Property Condition Cosmetics versus incurable problems? How much work and money to upgrade/repair the property for a quick sale? Does the condition compare favorably to neighboring properties once fixed up? Comparable Property Value What is the real market value? Can the property be a real deal? Is there equity in the property after fix-up?
	At Richard Payne Investments, sifting through the details is what we do best! Let us help you make your HUD/REO purchase a successful one with our years of financial experience and property knowledge.
	Search for HUD Listings by City or County

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Richard Payne Investments

Loveland Office: (970) 663-7444  Fort Collins Office: (970) 223-0777

E-mail: richard@payneinvestments.com

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