This great home in Richmond last sold in August of 2007 for $87,500. Look at today's HUD OWNED price of $50,000. Property, which is being sold 100% "AS IS", is just minutes from shopping, restaurants, public transportation and other conveniences. Will be available to OWNER OCCUPANTS for the first 5 days beginning, September 2, 2015 until to September 6th, 2015 at midnight. All bids are consider simultaneous, meaning bids for the first 5 days are reviewed day 6. Investors are invited to place an offer on day 6 which is September,7th 2015 if not sold to an owner occupant during the first 5 days. Bids opened the next business day. ALL BIDS WILL BE REVIEWED & CONSIDERED. This property is classified as UI-insured meaning NO FHA 203B financing is available to qualified buyers. FHA 203K re-hab financing is available to qualified buyers. CASH and CONVENTIONAL financing are always welcomed. HUD does NOT participate in any grant program. HUD DOES NOT pay any transfer taxes or city certificate of occupancy. This is at the buyer's expense. See attached PCR- (property condition report) inspection report. "EQUAL HOUSING OPPORTUNITY". Choose your lender, if using one, very carefully as the property is being sold 100% "AS IS" and some utilities cannot be turned on for either inspections of appraisals. Great opportunity for that FIRST TIME buyer to get a great home at a super price. Remember, high NET bid wins all others lose. OPEN FOR PUBLIC BIDDING and agent showings beginning September 2, 2015.