hud owned homes: WHAT IS A HUD HOME?
- 04/22/08 04:26 PM
What is a HUD Owned home? FHA the Federal Housing Administration, is a part of the U.S. Department of Housing and Urban Development (HUD), it provides federal mortgage insurance which ensures that mortgage lenders will be reimbursed in the event homebuyers default on there mortgage. When a Lender foreclose on an FHA insured home, from the previous owner not paying the mortgage payments for one reason or another, the lender will file a claim with FHA for the balance due on the mortgage and convey title of the property to HUD. Leaving the property to be sold on an auction type website through … (2 comments)
hud owned homes: CHEROKEE COUNTY, COBB COUNTY, FULTON COUNTY, REAL ESTATE HUD HOMES FOR SALE
- 01/21/08 02:27 AM
Hello, I am Lorinda Ward a Realtor with simplySOLD Real Estate and if you are in the market to purchase a home now is the time. I want everyone to know about this great program Hud has going on. Please don't miss out because once the program is gone it's gone! Please watch video for more information. If you are in the market to sell or buy real estate please give me a call for a no pressure home evaluation. … (2 comments)
What is a HUD Owned home? FHA the Federal Housing Administration, is a part of the U.S. Department of Housing and Urban Development (HUD), it provides federal mortgage insurance which ensures that mortgage lenders will be reimbursed in the event homebuyers default on there mortgage.
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