HUD Housing Counseling Grant

US Department of Housing and Urban Development, or, HUD home foreclosures are very attractive to investors and home buyers because the price of the home is automatically adjusted if the home requires repairs or renovations. Gather bid information: Make note of important bidding information, such as the bidding period, the period deadline, who is eligible, whether the property is FHA insurable, and whether or not the property has been earmarked as an owner-occupied property.

These grants will support programs that provide low- and moderate-income consumers a variety of counseling services, including educating first-time home buyers about their options, helping families secure affordable rental housing, and offering financial literacy training to those who have experienced credit troubles.

The FHA covers the mortgage for the lender, takes the home back through conveyance after formal procedures, puts the home on the market (“HUD home”), and tries to sell it. If the home doesn’t …