HUD Homes
for Sale
...............................................................................What is a HUD home? When someone with a FHA (HUD) insured mortgage can't meet
the payments, the lender forecloses on the home. FHA then pays the lender what is owed;
and HUD takes ownership of the home. Then they sell it at market value as quickly as
possible.
HUD uses an outside service to sell the homes via a auction format.
Prior to making a bid you should be pre-approved for a FHA loan and will typically need a
letter of commitment attached with your offer.
If you are interested in purchasing a HUD home you will first need
to learn about  FHA Loan Qualifying
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