Real estate blog entries tagged with what is a hud home by Richard Weisser Coweta Fayette Real Estate

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Home : Blogs : Richard Weisser - Coweta Fayette Real Estate - Newnan homes for sale : Coweta County Real Estate Facts and Info by Richard Weisser Better Homes and Gardens Real Estate Metro Brokers Newnan : Tag "what is a hud home"

what is a hud home: A complete step-by step guide for purchasing HUD Homes in Georgia. Part One of Seven: What is a HUD Home? - 08/14/09 05:11 PM

In these days of foreclosures, REO and short sales, we often gear the expression "HUD Homes." And while most buyers know that these homes are foreclosed properties, most do not understand the difference between a HUD home and other distressed properties.
Very simply put, a HUD home is a one to four unit foreclosed home that had an FHA guaranteed loan in place. When the borrower defaulted, the lender took possession of the property which was then turned over to the Department of Housing and Urban Development in exchange for a cash reimbursement.
This means that the government of the United … (13 comments)

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