8318 Iris Rd, Chattanooga, TN 37421

HUD home #481-287274. 1971 built 2 BR 1 Ba w/huge yard (1.7 acre) and potential expansion due to a 3 car mechanic’s garage or mancave area! See www.hudpemco.com or wwwhudhomestore.com for eligibility for an FHA 203(b) loan. Earnest money required: $1000 if sales price >=$40K, if <=less 40K, requires $500. FHA loan program allows only $100 down payment! Place offers on HUD Homes: buyer must use HUD registered Selling agent to enter a bid. First period on market HUD homes only available to owner occupant bidding, then available for investor bidding. After sealed bid period over, if no offer accepted then bidding continues w/offers reviewed daily. Buyer responsible for replacing any missing utility meters. For security, buyer is not given a key at closing must rekey or change locks.Click more Agents please provide feedback to list agent after showing. List Date: 05/16/15. Buyer responsible for replacing any missing utility meters. Information provided in the MLS is taken from tax records and property observation and is provided as a general guideline but is not guaranteed. Buyer advised to perform inspections and verify all information. If selling agent submits an offer which is accepted, selling agent is to please notify the listing agent immediately. For security, buyer is not given a key at closing must rekey or change out locks. This home is eligible for a 203(b) loan with the buyer borrowing an additional $3300 for lender required repairs.