| If you're in the market for a home whether as an | | | | Most HUD foreclosure listing homes are sold below |
| investment for yourself or to save money you should | | | | market value. This is because HUD is not trying to |
| take a look at a HUD foreclosure listing. Getting a | | | | make a profit on the home, they are just trying to get |
| property off of the HUD foreclosure listing could save | | | | back the money that they spent. The house may be |
| you thousands of dollars. Contrary to popular belief all | | | | worth $150,000 but if the remainder of the mortgage is |
| HUD homes are not in desperate need of repair. Most | | | | only $100,000, then HUD will only try to sell the house |
| of the time they are no worse off than other | | | | for $100,000 plus any other additional expenses that it |
| foreclosure homes. At the end of this article will be | | | | incurred. |
| information on how to find a HUD foreclosure listing. | | | | This is how investors make money off of a HUD |
| A property becomes a HUD home when the previous | | | | foreclosure listing. Even if you only make $5-$10,000 on |
| owner cannot make their mortgage payments and the | | | | each property, you still stand to make a lot of money |
| bank foreclosed on the home. Because the | | | | over the course of months or years. There are so |
| homeowner's loan was guaranteed through the | | | | many foreclosure properties available it's hard not to |
| Department of Housing and Urban Development, the | | | | make money in this market. Below is a website where |
| house does not belong to the bank but to HUD | | | | you can find information on buying foreclosure |
| because they secured the loan and had to pay the | | | | property and get links to the HUD website. |
| bank back. | | | | |