Suburban residential street with red brick housesWhen looking into buying a home, there are many options which you have in front of you. There are new builds, existing homes, timeshares, houses in planned communities and HUD homes. When you’re looking for a dream home which you can personalize to make your own, a HUD home may be just the right choice. These homes could be in your perfect neighborhood and within your budget, but they just may require a little TLC. To help you understand the value in a possible HUD home, here is your guide to this type of home.

What Are HUD Homes?

HUD stands for the Department of Housing and Urban Development. This department of the government issues loans. When a homeowner with a HUD loan defaults, the home goes into foreclosure. HUD buys the home from (more…)

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