hud home perris: HUD Homes for Sale in Perris, California
- 08/18/10 09:55 AM
HUD Homes for Sale in Lake Elsinore, California Right now, as of 8-18-2010, there are two homes listed for sale on the HUD website for Riverside County with addresses in Perris. Both are 4-bedroom homes. They were built in 2007 and in 2008, so they are newer tract homes. Remember, while some investors are finding great opportunities to pick up HUD homes, the real goal of HUD is to have people buy homes, live in them and contribute to rebuilding communities through owner-occupant homeownership. These HUD homes in Perris, in newer tracts, would be this type of single family home that … (0 comments)
What is a HUD home? When someone with a mortgage that was insured by the U.S. Department of Housing and Urban Development ("HUD") and cannot make the payments, four things happen: 1. The lender takes the home back (usually in California by a nonjudicial procedure), 2. HUD pays the lender what is owed, 3. HUD takes over ownership of the home, and then 4. HUD then sells this "HUD home" through a marketing contractor such as HUD PEMCO for California.
HUD Homes for Sale in Lake Elsinore, California
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