What is a HUD Home?

By
Real Estate Broker/Owner with Desert Sky Real Estate, LLC 200201121
http://activerain.com/droplet/5p5

 

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What is a HUD Home?
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A HUD home is a property purchased with an FHA insured loan that has gone into default and been foreclosed on by the lender (BofA, Wells Fargo, Chase, etc) holding the note.  The lender files a mortgage insurance claim on the FHA insurance and conveys the property to HUD.  At that time the property becomes a HUD Home.

 

 

New HUD Homes enter the market daily.  An FHA Appraisal is ordered prior to listing and the property is listed at (or occasionally below) appraised value.

 

Bids are reviewed Monday - Friday mornings, excluding Holidays. 

 
A bid placed on Friday - Sunday will be reviewed on Monday. 

 

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246 SE 5th Street ~ $33,600
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PRICE REDUCED $4,200.
HUD Home in Prineville. 

Bedrooms: 3
 Baths: 2
 Sq.Ft: 1056
 Year Built: 1994

MLS: 201010459
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3200 SW Peridot Ave, Redmond ~ $82,400
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PRICE REDUCED $10,300.
HUD Home in SW Redmond.

Bedrooms: 3
Baths: 2
 Sq.Ft: 1235
Year Built: 2007


MLS: 201010408
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2686 NE Sugarpine Rd ~ $63,000
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PRICE REDUCED $7,000.
HUD home in Prineville.

Bedrooms: 3
Baths: 2
 Sq.Ft: 1258
 Year Built: 1997

 MLS: 201010844
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816 Lakeshore Dr, Culver ~ $40,500
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PRICE REDUCED $4,500.
HUD Home in Culver.

Bedrooms: 3
Baths: 1
Sq.Ft: 1008
 Year Built: 1970

 

MLS: 201010508

 
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Don't hesitate to contact me with any additional questions. 

Terri Visser, CRS
(541) 410-4978

Desert Sky Real Estate, LLC
Principal Broker/Co-Owner
www.TerriVisser.com

Licensed Oregon Real Estate Broker.
OR Agency Disclosure Pamphlet

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Terri Visser

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