Cheap homes for sale will meet with the purpose of both first time home buyers and investors, who want to make money in Real Estate investments. HUD offers affordable housing and one of the most popular programs is FHA. Selling prices were often well above the HUD listing price, so I knew I could not bid too low. HUD homes are residential properties acquired through the foreclosure of a Federal Housing Administration insured loan.
You may need a real estate broker authorized by HUD to submit an offer on your behalf. The purchaser must finance the repair escrow with the …