How tough is buying a HUD house?
Buying a HUD home is rather involved. It requires not only a pre-approval from a lender, but also requires up front earnest money in the form of certified funds. In most cases this is non-refundable. You have to be very serious, and be sure of your decisions when purchasing a HUD home. The earnest money actually depends on the purchase price. In most cases the earnest money is from 500 – 1,000.
