What is a HUD Home? A HUD home is a home that was financed with a FHA insured mortgage and the owner fails to make the payments. The lender then forecloses on the home; HUD pays the lender; and HUD takes ownership of the home (and markets for sale). Who can buy a HUD Home? Any approved buyer who qualifies for a mortgage can buy a HUD home. How can I find out what HUD homes are for sale? Potential buyers may search for HUD homes on HUD’s website www.hud.gov , or HomeSource’s www.hudhomestore.com. How do I buy a HUD home? An individual interested in purchasing a HUD home should contact a Rob Rosa at (860) 558-2122 or by email at firstname.lastname@example.org . We are certified with HUD to sell HUD homes. We have a valid NAID number and have the keys to allow you to visit any HUD home in CT. Can I get a loan to buy a HUD home? Yes any purchaser that can qualify for a mortgage loan can purchase a HUD home. A Rubicon Crossings Realtor can put you in touch with the right loan officer to
This blog helps people obtain truthful and helpful information about real estate whether they want to buy, sell, lease, rent or start a career.