The U.S. Department of Housing and Urban Development (HUD) has a wide array of foreclosure HUD homes for sale. This loan is available from HUD to homeowners who are interested in buying fixer upper properties or handyman specials One of the problems with buying these properties is that the buyer often needs an initial loan to buy the home, then a loan to cover the cost of the repairs, and finally a permanent mortgage to cover the total value of the fixed up property.
Regardless of whether the property is being financed with an FHA insured mortgage, HUD does not …