hud homes: How to buy HUD Homes? - 02/04/09 03:15 AM
This is one of the questions our prospective clients ask us most often. So it was only natural to include it in our Real Estate Investing Guide.

What are HUD Homes? Along with conventional mortgages, the federally insured (FHA) loan program is one of the most commonly used financing options for residential real estate in the United States. When a loan is made under this program, the U.S Government vouches for the borrower and insures the lender against potential loan default. When the homeowner defaults on an FHA mortgage, the lender forecloses on the property and subsequently “cashes in” … (0 comments)

hud homes: We just updated our government foreclosures... - 02/19/08 10:38 AM
This week's government foreclosures (otherwise known as hud homes) have been posted to our Houston HUD Homes page and the word of the week is selection!
In this week's contingent of Hud Homes we have 10 properties under $100,000 in Richmond, Houston, Tomball, Spring and Humble. All in all, there are 23 properties up for auction and the bid deadline is this upcoming Sunday 2/24/2008. If you want to see the entire selection, visit our HUD Home Central page for property specifics, frequently asked questions about HUD Homes and the entire process. Happy hunting... 
 
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hud homes: Houston HUD Homes - Take a Fresh Look! - 08/10/07 11:29 AM
By show of hands, when someone mentions HUD Homes, how many people think of something that looks like this: 
You may be surprised to know that in fact, HUD homes in the Houston Area in this day and age are much different than most stereotype properties that look like teardowns. If you think about it, in order for a property to become a HUD home, it must have had FHA (government guaranteed) financing and its condition had to fulfill FHA guidelines which happen to be very strict. In many cases, you can find two, three, five year old homes in the area … (0 comments)