Announcement: Realty World – Blue Property Group approved to sell HUD homes
6 comments Sunday, January 17, 2010
“HUD” is an acronym for the U.S. Department of Housing and Development. When someone defaults on a HUD insured mortgage, the lender forecloses on the home. HUD pays the lender the balance and takes possession of the home. HUD then sells the home at market value through approved brokerages, such as Realty World – Blue ... [Read More]
“HUD” is an acronym for the U.S. Department of Housing and Development. When someone defaults on a HUD insured mortgage, the lender forecloses on the home. HUD pays the lender the balance and takes possession of the home. HUD then sells the home at market value through approved brokerages, such as Realty World – Blue Property Group.
HUD foreclosed homes can be a great deal for homebuyers. HUD tries to sell the house as quickly as possible. You will need a loan pre-approval from a bank, not a mortgage broker. We can assist in the pre-approval.
Anyone who can qualify for a mortgage or pay cash can buy a HUD home. Contact us for a list of available HUD properties.
