What Is a HUD Home? Are the Savings Worth the Risks?
HomeLight
JUNE 28, 2021
The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). Buyers should arrange financing with a bank or mortgage lender ahead of time. This deal only applies to certain properties (foreclosed real estate-owned HUD homes) and all buyers must meet eligibility requirements.
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