What is a HUD Owned property or better know as a HUD Home? When someone with a federal Housing Administration (FHA) insured mortgage can't make the payments, the lender or note owner forecloses on the property. Since the loan is insured FHA pays the lender what is owed and the U.S. Dept of Housing and Urban Development (HUD) takes ownership of the property. HUD then sells the property at market value or less as quickly as possible. Some of the homes will qualify for new government financing FHA) and some because of the condition will not.
Currently there are approximately 26 HUD Owned Homes for sale in the Brighton, Colorado area. These homes range in price from $64,000 to $235,000. To get more information on these homes visit HUDhomestore.com and then call Tom Hoffman@ Top Priority Realty,720-540-7800. Tom is a HUD Authorized Broker. Authorized to advertise, show and sell HUD Owned Properties. All bidding is done electronically by an authorized agent. Top Priority Realty is not the listing agent on these homes but has helped many, especially first time homebuyers, become homeowners in the Brighton area.
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