HUD home

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Four Questions to Ask When Buying a HUD Home

Four Questions to Ask When Buying a HUD Home

By Ilyce Glink| 2017-06-21T11:47:31-05:00 September 23rd, 2013|

A HUD home is one that was originally purchased with an FHA loan and has, through foreclosure, become property of the Department of Housing and Urban Development (HUD). In short: It’s an FHA foreclosure. Buying a HUD home - while different from buying a non-distressed home - can be a great way to get a [...]

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4 Tips for Buying a HUD Home

4 Tips for Buying a HUD Home

By Ilyce Glink| 2017-08-31T15:34:47-05:00 October 29th, 2010|

A HUD home is nothing more than a house that was purchased with an FHA loan that has since fallen into foreclosure. (I’m not sure why these homes aren’t called “FHA foreclosures,” which would be more intuitive for home buyers and investors, but the Department of Housing and Urban Development [HUD] is the federal office [...]