/HUD
16 03, 2016

HUD Auctions, Explained

By |2016-03-16T16:22:22+00:00March 16th, 2016|Categories: Business, HUD|0 Comments

Housing and Urban Development (HUD) homes are residential properties that have defaulted on a Federal Housing Administration (FHA) loan. It is a special type of foreclosure where the property becomes owned by government by extension of the HUD division. These properties can go for cheap, but are they worth it? In many cases, they are. However, HUD homes require a little more patience because these types of auctions deviate from the norm. There are two periods of a HUD auction – a time period where only owner-occupiers may buy, and then a time period where real estate investors may buy.

3 02, 2016

HUD Auctions Explained

By |2016-02-03T10:00:19+00:00February 3rd, 2016|Categories: Foreclosures, Hard Money, HUD|0 Comments

Housing and Urban Development (HUD) homes are residential properties that have defaulted on a Federal Housing Administration (FHA) loan. It is a special type of foreclosure where the property becomes owned by government by extension of the HUD division. These properties can go for cheap, but are they worth it? Generally, yes. However, HUD homes require a little more patience because these types of auctions deviate from the norm. There are two periods of a HUD auction – a time period where only owner-occupiers may buy, and then a time period where real estate investors may buy. If you submit