58 Summer ST Newport, NH 03773

PRICE REDUCTION Large 3 bedroom 1.5 bath with a tiered yard and deck overlooking the back yard. Property is owned by the US Dept of HUD case #341-132760 UI LBP Notices, Finance terms Cash, Conventional. FHA Uninsured. Eligible for FHA 203K. Property available 3/1/2019 Bids due daily by 11:59 PM Central Time then daily until sold. Property is being sold AS IS AS SEEN no repairs prior to closing, no exceptions Seller nor Broker makes any representation or warranties. Seller can contribute up to 3% toward the buyers closing costs, owner occupants only Must Be Requested At Time of Bid Submission.. Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a moderate to low flood risk. State law requires Smoke/ Carbon Monoxide detectors be installed for properties having combustible fuel heaters/furnaces, fireplaces, hot water heaters, clothes dryers, cooking appliances, or an attached garage, but seller (HUD) is exempt from this requirement as a Federal Entity, Uses a propane system. Any required system repairs will be the buyer's expense, Repairs exceed $10,000. Repairs may include but not limited to structure, electrical, roof, HVAC, and plumbing; Inspection recommended, Defective paint surfaces, Roof is near the end of its useful life, replacement is recommended. Water service activation requests will not be approved, Electrical system needs repair, Secure posts for rear covered porch, Other needed repairs: walls and floor covering. EQUAL HOUSING OPPORTUNITY.