What is a HUD Property?
HUD stands for [Department of] Housing and Urban Development.
HUD homes owned and sold by the government.
They work a little bit differently than your traditional real estate transaction
You'll need a real estate agent that has authorization to put on the bids for you
Essentially, your Realtor places a bid on a property.. .
The bids are set directly on a website and there are many rules to follow. .
Allow your real estate agent to take care of this for you.
HUD Homes arenlt for everyone. .
Watch the following video to see the pitfalls of a HUD Property
If you’re thinking about homeownership, ask yourself some basic questions and get informed as much as possible about the home-buying process. It will be easier for your real estate agent to help you find the dream home you are looking for. .
All About HUD HOMES