Idaho-UtahHomes.com
Title
ERA® Advantage Realty - The Real Estate Source in Logan, Utah • Preston, Idaho • Tremonton, Utah
Description
What is a HUD Home?
A HUD home is a previously owned home that the owner could not make their payments. The owner defaulted on their HUD Insured loan and entered into foreclosure.
Who can purchase a HUD Home?
Anyone. HUD offers an initial ten day bidding period to those who would be owner occupants only. After this initial ten day bidding period homes that are still on the market are then offered to anyone interested, including investors.
What type of financing is needed to buy a HUD home?
HUD does not offer any special type of financing for these homes. Many HUD homes can qualify for FHA financing. All you need is to be pre-qualified for a loan by a reputable lender. Ask us for suggestions if you do not have a lender of your own.
