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Facing Foreclosure. You worked hard to save and purchase a home - but financial hardships can happen to anyone and now you've fallen behind so your lender has decided to foreclose. Your first step now should be to contact a HUD-approved housing counseling agency.
Homes for Sale. Several federal agencies have properties to sell. In fact, HUD sells both single family homes and multifamily properties. Check them out- one might be just what you're looking for! Single Family Homes for Sale. From HUD. From the Department of Veterans Affairs. From Federal Deposit Insurance Corporation.
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.
“Foreclosure” is a scary word with a simple definition: It’s the process of a lender attempting to recoup the balance owed on a loan after the homeowner fails to pay the mortgage. Mortgage lenders...
Foreclosure prevention counseling can help homeowners: Understand the foreclosure process in their state; Identify available options for avoiding foreclosure; Provide advice and resources to help decide alternatives; Visit the Homeowner Assistance Fund (HAF) page for additional resources.
Search for a HUD home to purchase by clicking a state on the map below or checking out one of the HUD Special Programs from the tabs below.
HUD's Pre-Foreclosure Sales Program. For homeowners with FHA-backed loans, the U.S. Department of Housing and Urban Development's short sale program can provide a path for avoiding foreclosure.
Foreclosure. Buying a HUD home, or a home from the U.S. Department of Housing and Urban Development (HUD) program, is a process that can potentially get you a more affordable home. HUD...
Three types of foreclosures may be initiated at this time: judicial, power of sale and strict foreclosure. All types of foreclosure require public notices to be issued and all parties to be notified regarding the proceedings.
HUD homes are properties the government has acquired after foreclosure if the property was purchased using an FHA loan. Here’s a guide on how to buy a home from this HUD program.