housing and urban devemopment: HUD Homes FAQs
- 02/03/13 09:14 PM
HUD Homes FAQs Be informed on the whatabouts and wherefores of buying a HUD home by reading through these FAQs from the U.S. Dept. of Housing and Urban Development and take advantage of some of the most incredible deals on HUD homes! Question 1: What is a "HUD Home"? Answer: When someone with an FHA insured mortgage can't meet the payments, the lender forecloses on the home; HUD pays the lender what is owed; and HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. HUD tries to sell it at market value … (0 comments)
HUD Homes FAQs
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