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BlogsBuilding your financial wealthHUD Homes

Posted over 13 years ago

HUD Homes

 Cherry pick good profitable deals, here's how...

Here is a good video that explains the bidding process for purchasing a HUD home.

More than 3,00 HUD homes are available in Florida alone

 

 If you are unaware of what a HUD (US Department of Housing  and Urban Development) home is:

"A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim."

http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/reo/reohome

HUD is a good place to find properties at a discounted rate.

I hope you guys enjoy,

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