Buyer is paying $140K for the future option to pay 95% of the appraised value to HUD in the future. Not now as there is No pending action and HUD paying property taxes currently as well. This is a HUD HECM Law to protect homeowner on title. - Just renovated, painted, new kitchen and baths, and appliances. Unit can be rented immediately. Ground level. Low HOA's, pet friendly, amenities include BBQ area, tennis courts, heated large pool, clubhouse with jacuzzi and more. Comes with a comprehensive home warranty contract.
