Housing & Community Development Department

hud homesOne of the attractions of government foreclosures, including HUD homes, is that they can make you money in a number of ways. When preparing line 5 of the Sales Contract, you will be able to request up to 3% of the bid amount for closing costs over and above those to be paid by HUD. The immediate trickle down positive is that by permitting local government and non-profits to purchase these HUD homes, low- and moderate-income individuals can benefit by purchasing the homes at incredible savings.hud homes

For a full list of HUD rules, see the HUD Housing Choice Voucher Program Guidebook All voucher programs are also governed by the housing authority’s administrative plan. Department’s website – Doing an intense research of the US Department of Housing and Urban Development website is also a wise way to find suitable HUD properties.

As always, when the DEC becomes involved, more time is …