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Buying an Albany NY HUD home or HUD foreclosure is easy!

By
Real Estate Agent with Http://www.clancyrealestate.com

It seems interest in buying Albany NY foreclosures or HUD homes is growing. I am getting more and more calls about buying HUD homes. Buying a HUD home is easy! A HUD home is a home that was purchased using an FHA loan with a bank or mortgage broker. Since it was an FHA insured loan HUD takes the home back if the purchaser defaults on the loan.  When I first started in the business in the early 90's HUD homes were not widely marketed by many real estate brokers. In fact, I can remember driving to the local HUD office every Friday to obtain a paper list of the homes available when the office opened. Today,finding a HUD home is much easier. I have a link on my site under the buyer section of my site for all HUD homes listed by county. Just click on the "search HUD Foreclosures" on the left side of my site at Albany NY HUD Homes  They are also listed for sale in the local Multiple Listing Service. Just keep in mind these homes are foreclosures and generally need a ton of work and are sold "as is". Call me if you are interested in learning more. The very first home I ever purchased was a HUD home and I was able to turn a 50% profit on it when I sold it. I look forward to hearing from you and discussing the possibilities!

 

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