Updated almost 8 years ago on . Most recent reply
Describe HUD Owned Home?
Can someone tell me what HUD owned property means and what types of hoops one would have to go through to purchase? Is this like a foreclosed/bank owned deal? Thanks.
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
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It is simply an REO foreclosed on by fha. Similar to all other reo’s. With hud, no inspection/walk away clause for investor purchases.