Kroepel & Associates, Inc. is a HUD Homes approved Broker in Michigan. If you see a HUD home that you would like more information about, contact one of our sales associates for a showing.
Click here to search available HUD homes in Michigan.
What you need to know about HUD homes...
1] Purchasers must contact a HUD approved real estate broker to bid on their behalf.
2] Purchasers must have a mortgage pre-qualification letter from a lender, or verification of funds letter from their bank prior to bidding.
3] A purchaser must have a $500 earnest deposit for offers up to $49,999 or $1,000 for offers $50,000 and higher, in the form of certified funds from their bank.
4] Bids are placed online, after the HUD purchase agreement and other paperwork is completed and signed by the purchaser(s).
5] HUD homes are "as-is" with no seller paid repairs, inspections, reimbursements or concessions.
6] HUD listings are reviewed on a daily basis for new bids. If a bid is acceptable to HUD, the offer will be accepted at 4:00pm eastern time and the selling broker will be notified by e-mail. Unfortunately, if the bid is not accepted, it will just sit until a more acceptable offer is obtained. HUD does not "counter-offer" or "reject" bids.
Contact Scott at Kroepel & Associates, Inc. for additional information.
We do business in accordance with the Federal Fair Housing Law (The Fair Housing Amendments Act revised in 1988). It is illegal to discriminate against any person because of race, color, religion, sex, disabilities, familial status, or national origin.