Some things you should know when wanting to bid on a HUD home: What is a HUD home? When someone with a Federal Housing Administration (FHA) insured mortgage can't meet the payments, the lender forecloses on the home; FHA pays the lender what is owed; and then the United States Department of Housing and Urban Development (HUD) takes ownership of the home. Then HUD sells it … (0 comments)
Are you thinking about purchasing a HUD home in Arizona? There are many HUD homes for sale in the Phoenix area compared to a few years ago when there were less than a handful!
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