Purchasing a HUD Foreclosure

HUD Forclosures A HUD forclosed home is a single family or multi-family residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. …

HUD Forclosures A HUD forclosed home is a single family or multi-family residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. (1) All HUD homes are sold as is with a discount according to the level of repairs and rennovations required. When HUD homes are listed for auction, the owner/occupant have 10 days to attempt to get a bid accepted. Bids by the public must be made through a HUD registered broker or agent to a listing site run by HUD-contracted management companies. Once a bid is won, the buyer must close within a time specified by the closing agent, which is usually 48 hours.

Try Gemini Today! 123

The Gemini Exchange makes it simple to research crypto market, buy bitcoin and other cryptos plus earn Up to 8.05% APY!

Source Buying HUD Foreclosures: What Investors Should Know

Share This:

In this article

gemini