Understand New York State HUD properties

[Stephanie Alcin]

Hi Everyone,

Recently on my drive for dollars I cam across a 3 flex that is listed as a HUD property. This multifamily had a hug sign in window explain it could only be financed up a HUD loan. Has anyone seen this type of sign before?

Has anyone every purchased a multifamily in New York state as a HUD property, if so what does it entail.

Thanks again everyone is always so helpful!