The Department of Housing and Urban Development (better known as “HUD”) sells a great many real estate properties that it owns in Michigan to members of the public. HUD originally purchases these Michigan HUD homes at public foreclosure auctions in Michigan. The only reason the agency buys these properties is to try to get back ...
I am 66 years old and on a fixed income. I receive social security and have a part time job earning an hourly salary. By all accounts, I am considered to be lower income. Yet, I still have a decent quality of life which is in part to living in a HUD apartment complex for ...
The Department of Housing and Urban Development sells homes in Arkansas and every other state. FHA, part of the HUD agency, insures certain mortgages throughout the United States. Inevitably, some of those home owners with a mortgage go into loan default. Such homes are sometimes foreclosed. HUD then purchases these foreclosed homes in Arkansas. This ...
Kentucky HUD homes potentially provide a fertile source of cheap Kentucky real estate. The Department of Housing and Urban Development purchases certain homes at foreclosure when its Federal Housing Administration insures a mortgage that later goes into default. HUD then needs to sell these homes to make up for the losses incurred by the foreclosure. ...
Texas has the second largest population in the United States. As such, it provides opportunities throughout the state to find Texas HUD homes for sale. Officials of HUD sell foreclosures that were originally purchased at auction by the agency in response to the foreclosure of a mortgage backed by FHA. HUD then offers the homes ...
