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Laura Hepworth
800 Village Square Crossing
Suite 307 
Palm Beach Gardens, FL 33410
561 346-6723
800 579-7810

laura@sandcastlehomesrealty.com

 

We are a full service real estate brokerage firm. The real estate market is always changing and it is important that you choose the right REALTOR. I have over 20 years of experience as a residential real estate agent. As a Listing Broker for Sage Aqcuisitions we market the HUD owned residential Real Estate Owned Properties in our area. Please feel free to reach out to us if you need more information about purchasing a HUD owned home.

Whether it is your first purchase or you are an experienced investor, I will make sure that you experience a smooth process. I have extensive experience negotiating for both the buyer and the sellers. I have first hand knowledge of the values in the communities in my area. I can help you to correctly value your home. This is an important first step when making a decision about selling your home. Please feel free to contact me.

I look forward to helping you whether it is looking for a your first home or finding the value of your current home.

 

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as Sage AcquisitionsApproved Listing Broker for prime contractor to HUD. For more information on purchasing a HUD home please call Laura @ (800) 579-7810 toll free.

HUD and Repairs

Whether a HUD home is listed as Insured (I), Insured with Escrow Repairs (IE) or Uninsured (UI), they all have one thing in common: they are sold as-is. This means that HUD doesn’t warrant the condition of its properties and will not pay for repairs or defects after a buyer’s contract has been executed. For this reason, HUD strongly recommends that the purchaser have a home inspection performed.

If your client should find that perfect home, but it needs repairs, you may suggest that he or she apply for FHA-backed financing: a 203(b) IE or a 203(k). The 203(b) IE allows repair costs of up to $10,000 and the 203(k) is for a property listed as uninsured, with repair costs over $10,000.

It may be tempting for some buyers to ‘get a start’ on the repairs or updates by making repairs or modifications before they close. Buyers should be made aware that HUD does NOT allow any repairs to be made prior to closing even if the lender requires these repairs. In the event that repairs are made, the buyer and/or selling broker will be responsible for ensuring that the property is placed back in its condition at the time of contract execution.

For example, a buyer started gutting a kitchen prior to closing. The entire kitchen was removed and the contract didn’t close. Not only did the buyer lose thousands on renovation costs on a property that didn’t close, but the home no longer has a kitchen and doesn’t meet FHA conditions for lending and can only be sold as uninsurable.

If the buyer doesn’t comply with HUD’s requirement, one or all of the following can happen:

  • Contract cancellation
  • Fines and penalties associated with any damage caused by unauthorized repairs

The selling agent’s NAID may be suspended or they face termination if repairs or modifications are made to the property before the closing.

 

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Testimonials

I would like to thank Laura Hepworth for an excellent job during the sales process, as I am a local investor and it is nice to work with investor friendly brokers, who understand the business. I would recommend Laura to anyone looking for a smooth transaction. Scott
A few years ago, Laura was a licensed real estate agent with my real estate company and I was her Broker-in-charge --- I always found Laura to be honest, dependable and trustworthy as well as knowledgeable. I would recommend Laura as a real estate professional as well as a nice person. Liz Loadholt Chief Operating Officer AgentOwned Realty Liz Loadholt
Laura is the epitome of what I look for in a real estate broker. Her charisma and market knowledge is only out done by her hard work and willingness to go above and beyond for her clients. She really has her thumb on the pulse of the Palm Beach County single-family market. James
I'm extremely happy to be in a position to give testimonial to the professionalism and competence of Laura Hepworth. For many months, I agonized over the decision of selling my property in Port St. Lucie. Once I made the decision the rest was easy. Laura guided me through the entire process and the fact that I was living outside the state of Florida made no difference. Every document was thoroughly explained in a simple and concise manner. Laura is a consummate professional, with vast knowledge in the field of real estate. She is competent, honest and stood by me from the beginning to the end. If I should ever conduct another real estate transaction in the state of Florida, I will will not do it without the advice and guidance of Laura Hepworth..............Thank you Laura! Sincerely, Melvon Herbert Melvon Herbert
I have know Laura for over 20 years and she is a FIRST class lady with the highest skills and integrity. She is a real hard worker and always strive for perfection. Her honesty and hard work are second to none. she is the BEST! July 23 at 5:31pm JC Buffington
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