4704 Philco DR, Austin TX 78745

This property is a HUD "first look" required property. Seller must give 30 days to owner-occupant buyers, governmental entities, including their instrumentalities, and eligible Nonprofit Organizations before they can accept an offer from an investor, builder, or flipper. An Owner-Occupant Buyer must use the home for their personal principal residence. An eligible 501(c)(3) nonprofit organization must have a mission to create or support affordable housing and are purchasing the property to provide affordable housing through its program. A government or instrumentality of government must purchase the property to further an affordable housing-related government mission and will use the REO Property as affordable housing.

Investors, builders, and flippers: Please keep the above timeline in mind when writing any offers for non owner-occupied buyers. The highest and best use of this property is a scrape and rebuild.