Property is being sold as is where is. This asset is a HUD 2nd chance sale offering by BB&T. What that means is, that BB&T completed foreclosure and will, as soon as the eviction process is completed and possession surrendered, reconvey the property to HUD and it will be sold in accordance with HUD guidelines. In the interim period, however, they have asked our firm to refer and market these assets with the occupants in place. This is, undoubtedly, out of the normal "box" where real estate brokerage is concerned; we understand that. However, the property is being deeply discounted from the foreclosure appraisal valuation in order to entice offerors to take the risk of investment and ownership. In this case, the asking price is $20,520.00 and the property is to be offered with tenant in place; in the strictly as-is condition; via SPECIAL WARRANTY DEED; and subject to buyer assuming responsibility for ALL senior liens and encumbrances, including but not limited to ad valorem taxes. In essence, this is a Cash for Deed transaction.
Listing courtesy of EXIT Preferred Realty LLC.
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