What Is a HUD Home? Are the Savings Worth the Risks?
HomeLight
JUNE 28, 2021
The brief answer is that these government-owned homes become available anytime a purchaser defaults on an FHA-insured loan, sending the property into foreclosure. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). Source: (Jeremy Yap / Unsplash). What is HUD?
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