NJ HUD home

c.1825 Stone House in Phillipsburg NJ ~ HUD Home $40K ~ Sold

169 County Road 627, Phillipsburg, NJ 08865    $40,000 Sold for $58,888627a

OHU50K NOTES

Bids are due by midnight November 20, 2019 for this beautiful c.1825 HUD home in Phillipsburg, New Jersey. The area is lovely with views and other stone houses.

HUD is not in the business of selling houses. The agency essentially gets stuck with houses that are in default. In order to sell these homes quickly, HUD opens up bidding to owner occupants first. If there are no takers, the bidding then opens to investors as well as owner occupants.

Technically there is no bid floor for a HUD home. In theory, you may bid as low as you like, but keep in mind your bid will need to compete with other buyers, and HUD is most likely to accept a bid that covers at least 85% of their costs.

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REALTOR COMMENTS

1825 Colonial home. Large Kitchen area. Living area with lots of light. 3 bedrooms on the 2nd floor and 3 full bathrooms. Large open porch. Mural on staircase to 2nd floor. – HUD Home. Sold AS IS by elec. bid only. Prop avail 11-15-19. Bids due by 11-20-19 11:59 PM Central Time then daily until sold. FHA Case #352-812585. uninsured. Eligible forFHA 203K. For Prop conditions, Forms, Discl & Avail please visit HUD Home store.For additional forms, updates, step-by-step videos & free photo list, please visitBLB Resources. BLB Resources makes no warranty as to condition of property. Buyer to verify all info. LBP. Cash, Conventional, FHA financing. As per appraiser, town is Phillipsburg.

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