HUD homes can be a very good deal. When a homeowner with a HUD insured mortgage can’t meet the payments, the lender forecloses on the home; HUD pays the lender what is owed; and HUD takes ownership of the home. The home is then sold at market value as quickly as possible. Read all about buying a HUD home.
What are “HUD homes,” and are they a good deal?
April 14, 2014
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