hudhomes: HUD Homes - One of Today's Best Buys - 11/16/18 05:56 AM
HUD (Housing and Urban Development) is actually one of the largest government owned entities offering homes across the United States for sale, based on fair market value according to the home's current condition. These properties are sold "as is", where no repairs are allowed prior to closing and neither will HUD make repairs to satisfy any home inspection a buyer has ordered.
A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure … (6 comments)