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hud homesHUD: the U.S Department of Housing and Urban Development “was designed to assist homeowners, homebuyers, and to regulate real estate transactions”. The mission of the Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. As a result, a whole new grassroots foreclosure cleanup industry has blossomed as a result of the staggering number of empty foreclosures on the market.

There are HUD listings that have an IN listing type which means that the property meets FHA mortgage insurability requirements without any required repairs. These three codes are offered to help provide information to allow a sellers agent or buyer to assess the type of financing available for a listed property.

Rentals to low-income families can also be a lucrative way to make money from HUD properties. There are foreclosed homes that had US Federal Housing Administration (FHA) insured mortgages, …