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How is a HUD property different from any other foreclosure?

April 26, 2017different foreclosure HUD Property

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How is a HUD property different from any other foreclosure?

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HUD homes are FHA-insured loan foreclosures. When someone with a HUD insured mortgage can’t meet the payments, the lender forecloses on the home; HUD pays the lender what is owed; and HUD takes ownership of the home. Then we sell it at market value as quickly as possible.