PLEASE NOTE OUR NEW ADDRESS - 10451 Mill Run Circle, Ste 635, Owings Mills, MD 21117
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HUD Property Sales
What are HUD Homes?
A HUD home is a 1-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers the home for sale to the public. HUD is represented by Asset Managers in Maryland. The Asset Managers manage the property sale.
Buyers select their own Title Company
Buyers select their own title company when purchasing a HUD property located in Maryland to deal directly with the Asset Manager. HUD has launched a program known as the "Buyer Select Closing Agent Program". In order to choose such a title company, you may only choose a title company that meets HUD requirements as a Buyer Select Closing Company. Lucky for you King Title Company has been approved by HUD as a Buyer Select Closing Company.
Buyer Select Escrow/Settlement Company Addendum
At the time of the bid submission to HUD, the selling agent should complete and submit the form entitled "Buyer Select Escrow/Settlement Company Addendum". This will provide the Asset Manager with the contact information for the title company. Just fill in King Title Company, Inc on the addendum to the HUD contract. Escrow/Settlement Officer: David Pierce, info@kingtitle.com
Has this company ever closed a transaction on a HUD-owned property? YES
Buyer Select ID# KINGTI0001
We're excited to work with you on your next HUD transaction!
