What are “HUD homes,” and are they a g
What are “HUD homes,” and are they a good deal? ◦Answer: HUD homes can be a very good deal. 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 it’s sold at market value as quickly as possible.
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