What are Hud Homes?:
What are Hud Homes? These are homes acquired by HUD from banks for sale to the public. Homeowner defaults on FHA Mortgage - Bank Forecloses on Homeowner - Housing & Urban Development (HUD) as guarantor of loan pays bank and receive ownership of property - HUD sells home to the General Public. HUD
Benefits:
Benefits HUD Homes are sold in ‘as-is’ condition. Special FHA financing available to purchasers for properties requiring repairs. Save $$ on these reasonably priced homes, making them affordable. HUD pays up to 3% towards closing costs.
PowerPoint Presentation:
Feel free to call for more information as well as the updated list of homes. Thank you, Sharon Luna 703-472-9320