What Is A HUD Home, Who Qualifies, And How Can I Buy One?
If you have been contemplating buying a home, but you have credit problems, recent changes in the guidelines for FHA loans may provide the answer to your problems. All HUD Homes are sold As Is.” HUD does not make any repairs to the property. 1. You cannot buy HUD foreclosures without a real estate agent. At that point, you may submit a bid to purchase the property as some type of investment. HUD Home Store is the listing site for HUD real estate owned (REO) single-family properties.
Buyer can pay cash for the property or obtain financing through an FHA or conventional loan. If your bid is accepted by HUD, Your Nu Home Source Real Estate Agent will be notified – usually within 48 hours. Since HUD is a major mortgage lender, they also have to deal with foreclosures, like any other lender.
Denver HUD homes are owned by the …