16 Flower Hill Ter

Pennington, NJ 08534

H.U.D. Home. Available 9.15.21. Bid deadline: 9/26/2021 11:59:59 PM CT and then Daily by 11:59 PM Central Time until sold. Year Built: 1960, Lot Size: 20,909.00 sq ft. 3 Bedrooms, 1 Baths. Interior Square Feet: 1,232, as per appraiser. LBP. (IE) Insured w/ Escrow Repairs. Eligible for FHA 203K. Finance Terms: FHA, Cash, and Conv. Sold "AS IS" by elec. bid. ********** Wow! Look at this incredible HUD property, sitting independently at the end of a one-way street. Almost half an acre of land surrounds this Rancher where inside you'll find hardwood floors, a real wood-burning fireplace, Dining Room, a recently upgraded kitchen, and three bedrooms and a bathroom. A former semi-circle gravel driveway and side entrance adorn this attractive well-priced specimen. Hurry and schedule your visits while you still have a chance, because this one will certainly receive a lot of attention. ********** MPR PROPERTY REPAIRS, Repair escrow, when applicable, is to be determined by the underwriting mortgagee, per HUD Handbook 4000.0 and ML 2015-17. ****** Plumbing Repair, Sewer/Septic Repair. ****** PROPERTY DISCLOSURES: This property is listed as Insurable with escrow repair, The buyer is responsible for all costs associated with inspections and cost to cure if needed, Wood infestation inspection by a licensed inspector contractor is recommended. Mold contaminants may exist in the property. Oil Heat is noted- Property should be inspected for underground tanks at the buyer's expense. ****** GENERAL DISCLOSURES: All HUD homes are sold AS-IS. HUD will not make any repairs nor allow the purchaser to complete any repairs prior to closing. FOR YOUR PROTECTION GET A HOME INSPECTION. Utility activation requests (submitting after contract execution) must be approved by HUD?s Field Service Manager prior to activation. In cases where plumbing or electrical deficiencies exist, approval for activation may be denied. Repairs will not be made for the purpose of utility activation. All properties built prior to 1978 utilizing FHA financing will require a Lead-Based Paint (LBP) Inspection and possible stabilization. Should the purchaser elect to change financing from FHA to any other method of financing or cash after LBP/Termite inspections and/or treatments have begun, the purchaser will be responsible for reimbursing HUD for the cost of the inspection, treatment and clearance prior to closing. FHA repair escrow amounts are not a credit from the seller to the buyer. Escrow items represent the minimum property requirements as required by FHA to bring the property into standards that will allow it to meet FHA funding eligibility. All repair costs are financed into the mortgage and are the responsibility of the buyer. **This information is accurate based on the data available at the time of listing and is deemed reliable, but not guaranteed. All information should be independently verified. ******* For all bids accepted on or after October 1, 2016, the following incentives are available on properties within the Philadelphia HOC region (3P states): Buyers: $100 down payment on HUD Homes financed with FHA-insured financing. Selling Agents get $500 for every HUD Home purchased with an FHA Rehab 203(k) loan. HUD homes being purchased with FHA financing may currently be available for HUD's $100.00 down payment program. To be able to take advantage of this great program, purchasers must be Owner Occupants and use FHA financing to purchase HUD-eligible $100 down properties. $100.00 Down Payment is a Limited time opportunity, and buyers must choose their own lenders. (Normal down payments for FHA home loan is 3.5%). The main reason HUD offers the $100 down payment program is to sell HUD homes fast and to also to get owner-occupants into these homes. See attached addendum & Disclosures. For additional information contact the agent of your choice.