It is often thought that HUD Homes are always almost derelict and require a lot of work to make them habitable and, while that is occasionally the case, the majority often need only relatively minor work, and some are in move-in condition. One of the big advantages of buying HUD homes is that anyone can buy one; there are no limitations on income and in some areas there are programs [...]

What is a HUD Home? A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. The following information is provided as an introduction to the process through which HUD homes can be purchased. Who Can Buy a HUD Home [...]