hud homes: 4 Tips for Buying a HUD Home
- 10/29/10 05:43 AM
A HUD home is nothing more than a house that was purchased with an FHA loan that has since fallen into foreclosure. (I’m not sure why these homes aren’t called “FHA foreclosures,” which would be more intuitive for home buyers and investors, but the Department of Housing and Urban Development [HUD] is the federal office that takes ultimate responsibility for FHA and its home loans gone wrong.) Buying a HUD home is different from buying another type of foreclosed property. For starters, HUD homes are sold exclusively online in an auction process known as an “offer period.” There used to be a … (4 comments)
hud homes: 4 Tips for Buying a HUD Home
- 10/29/10 05:41 AM
Buying a HUD home can be tricky: finding the perfect agent, property, and online auction. Of course, the deals may outweigh the complications for some home buyers.
A HUD home is nothing more than a house that was purchased with an FHA loan that has since fallen into foreclosure. (I'm not sure why these homes aren't called "FHA Foreclosures," which would be more intuitive for home buyers and investors, but the Department of Housing and Urban Development is the federal office that takes ultimate responsibility for FHA and its home loans gone wrong.) Buying a HUD home is different from … (0 comments)
hud homes: How to Profit from Foreclosure in 2010
- 09/08/10 05:24 AM
My latest event is fast approaching. If you're in Atlanta or can get to Atlanta and are interested in investing in foreclosures this event will NOT disappoint. Real World Seminars is a series of events designed to educate and inform buyers and sellers about the real estate process. You will learn tips to succeed, analyze case studies on how to do things properly, and be warned of the pitfalls to avoid when buying or selling real estate, all from successful professionals in the field. Produced by Think Glink in an effort to give real advice about real estate to the real … (2 comments)
A HUD home is nothing more than a house that was purchased with an FHA loan that has since fallen into foreclosure.
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