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What Are HUD Homes?

4/6/2009 5:08:52 AM

hud homes

What is a HUD Home?
A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.

Who can buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may... Read More

Topics:

hud, hud homes, foreclosed homes

Posted by

Barbara Busby

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Foreclosed Homes Under $6,000

3/27/2009 5:22:57 AM

Take a look at these houses for sale under $6,000. Granted they are foreclosed homes and in need of much repair, but there is money to be made. More foreclosed homes for sale.

Craftsman at 19th-Century Prices
$4,900 Detroit

A Craftsman home like this one cost around $6,000 at the turn of the century; this one is even cheaper in 2009. Listed at $4,900, this four-bedroom house has... Read More

Topics:

property value, foreclosed homes

Posted by

Barbara Busby

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At Last An Easy Access Foreclosed Homes Website

3/17/2008 1:30:56 PM

Foreclosed homes information has traditionally been very difficult and time-consuming to find, but Long and Foster Real Estate Inc.the largest real estate company in the Washington DC Metro area and the largest privately owned real estate company in America is working on solving this problem.

Long and Foster has recently launched a database of all the foreclosed homes... Read More

Topics:

foreclosed homes

Posted by

Barbara Busby

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