FHA has also developed a “Claim Without Conveyance of Title” program to encourage servicers to sell REO without conveying the foreclosure properties to FHA asset managers. This CWCOT program is designed to reduce FHA’s carrying costs of managing and marketing the REO properties. Real Estate Investors can now buy properties at a 10 to 40% discount depending upon area. They are listed daily and sell very fast.
Our team work directly with the auction companies to help you find, review and purchase these properties. Please feel free to contact us directly at (888) 870-0443