HUD Homes for Sale Have a Special FHA Loan That Even Allows for RepairsPosted by Dietchi Thomas on
HUD Homes for Sale Have a Special FHA Loan That Even Allows for Repairs
All buyers want to find a good deal on a home, so many go the route of purchasing foreclosure homes. Therefore HUD homes for sale are very popular for many buyers. Not only are they usually priced below market, but there are also great loan options. The official name for FHA foreclosures is HUD REO Property. Basically this means FHA, which is HUD, has foreclosed on a property and is now offering it for sale. Also they may be known as a HUD home or HUD owned home. The Secretary of HUD is the seller. By offering it for sale, HUD is looking to recover the mortgage insurance claim paid to the original mortgage lender.
Are you wondering how to buy a HUD home? We are a…
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