Smokefree HUD Rule Implementation July 31 Public Housing Residents Will Breathe Easier
HUD homes for sale are FHA insured loans that have been foreclosed and HUD has taken possession of the HUD houses. An FHA loan is a loan from the Federal Housing Administration, which provides mortgage insurance to ensure that lenders will be reimbursed if the homeowner falls into foreclosure. HUD restricts the sale of some properties to owner occupant” only. is dedicated to helping you find pre-foreclosure and foreclosure auction properties from HUD, VA, Fannie Mae, and other government agencies that represent a fantastic value vs. other homes on the market.
However, certain housing units that benefitted from the programs may still be on the market and could potentially affected by this proposed rule. If you cannot arrange financing for the HUD properties within this time, you need to pay to extend the deadline or you lose your deposit.
3. Get Loan Approval First- HUD requires that the borrower has …