Stonehedge Funding - Responsive Financing for Real Estate Investors
What's New


home
About Us
First Steps
Guidelines
What's New
HUD Homes: Discount Commission and Investor Financing
By Jim Bennett, Stonehedge Funding, LLC

Have you purchased a HUD Home lately? If you are a single family home investor in the five county Philadelphia area, you should check into it. The rules and players have changed but opportunities still abound. This website has links to the HUD area manager's site which includes all HUD listings for the Pennsylvania area. The bid process is simple, fair and efficient. Most deals close in 30 to 45 days. You can now take advantage of a special program: a combined package of discount commissions offered by Walt Taggart and investor financing offered by Stonehedge Funding, LLC.

Walt Taggart is an experienced realtor who specializes in HUD properties. He can guide you through the bid process and submit your offers with discounted commissions. Walt has personally purchased and renovated over 50 HUD homes. He is an experienced investor, developer and property manager who works on a daily basis with the new team at HUD and HUD's area manager, Golden Feather Realty. His knowledge and expertise can improve the chances that your bids will be accepted at the lowest possible price. Walt charges a flat commission of $1600 for all offers, plus approximately an additional 1.00% to HUD's broad listing broker. For comparison, a standard 6.00% commission on a $50,000 offer would be $3,000. Walt's fee would be approximately $2,100 - a savings of $900, which means you can offer HUD less for a property and still outbid other investors using full-commission brokers. If your bid is accepted, acquisition and rehabilitation financing is available to qualified investors through Stonehedge Funding, LLC.

Here's how it works:
  1. Get Prequalified with Stonehedge Funding, LLC by completing and sending in the application forms
  2. Contact Walt Taggart to arrange a consultation, fill out HUD paperwork and discuss the bid submission process
  3. Visit www.goldenfeather.com and start looking for properties
  4. After identifying potential properties, do drive-by inspections to narrow your list to the one or two properties you would like to bid on
  5. Walt Taggart will show you the property and assist you in submitting your bid with a Stonehedge Funding, LLC pre-approval letter
  6. If your bid is accepted, closing will take place in about 30 to 45 days.
Copyright 2001 Stonehedge Funding LLCSite Map