What is a HUD (Department of Housing and Urban Development) 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. Learn how to complete a HUD transaction and also purchase a HUD key from Colorado’s Listing Coordinator, Debbie Green.
Related Questions
- How do I know what my responsibilities are under the Department of Housing and Urban Development (HUD) Regulations as a manufactured home retailer or distributor?
- If a person has already filed a complaint with the Federal Department of Housing and Urban Development (HUD), can he/she also file with the Department?
- What is a HUD (Department of Housing and Urban Development) Home?
