BUYING A HUD HOME
HUD homes are usually opened only to owner occupant buyers for an exclusive period of time. This gives owner occupants the opportunity to purchase the home with no competition from investors.
After the exclusive period is over, if there is no successful bidder, the home for sale is then opened up to investors who can then place a bid on the home as well.
If you will be occupying the home when you buy it, you can place a bid or put in an offer on this home before the deadline
If you are an investor, you an start bidding or put in an offer for this home after the deadline.
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