HUD Homes are single family homes or other type of residences that are backed by the Federal Housing Administration (FHA) and are now in foreclosure. In reality, HUD is the administrative agency that oversees, and is responsible for, a number of federal housing agencies and programs including the Federal Housing Administration (FHA) which insures home loans in specific qualifying areas of the country from default.
A HUD home is a piece of real estate that is owned by HUD due to a foreclosure by a mortgage lender on the previous buyer. These properties offer the same low prices as owner-occupant offerings, and as a result HUD homes are some of the most sought after investment properties on the real estate market today.
Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf at HUD pays the real estate broker’s commission, if included in the contract. If you’re a teacher, law enforcement officer or fireman, EMT, or you work in local government or a non-profit, you can receive an extra discount on HUD and FHA homes if you buy them in designated Revitalization Areas.
For unlimited browsing of Denver HUD homes, simply register on our website for free Our innovative search tools will help you find the properties you’re looking for easily and conveniently—save time & money! Government Web sites sell homes all over the country and many of them qualify as real bargains.
Another great benefit of purchasing HUD homes in Charlotte is that a homebuyer can also receive additional financing up to $5,000 for repairexpenses. For example, there’s an offer period for HUD homes, within which all bids must be submitted. HUD homes are also listed on local Multiple Listing Services and on the internet.