| Whether you are currently a real estate investor or if | | | | to their REO department for resale in order to recover |
| you are looking for a bargain property to live in or to | | | | their money. |
| start your investment portfolio, HUD foreclosures are | | | | What are the advantages of buying a HUD home? |
| probably something that you have considered. | | | | HUD generally allows an owner occupant to finance |
| What are HUD Homes? HUD homes are houses that | | | | with an FHA loan which is more lenient if you have |
| were financed with FHA insured loans and have been | | | | credit issues and they allow you to spend more of |
| foreclosed on by the lender. These homes were | | | | your income for your house payment and consumer |
| financed with FHA insured loans and when the owner | | | | debt than a conventional lender. And if you are a |
| defaulted on the loan the lender foreclosed and then | | | | teacher or a police officer you can purchase to |
| turned to FHA to cover their loss on the property. FHA | | | | occupy at 50% of the sale price. Itâs a great |
| paid off the lender, and then turned the property over | | | | deal if you are a teacher or a police officer. |