What Is The Difference Between A HUD Home, A SHORT SALE, And BANK OWNED? Are

Those of you who have previously bid on HUD homes or have heard of some horror stories about trying to buy one.. well things are getting better on the bidding process. HUD cannot take possession unless there is a foreclosure auction or the owner signs over the house as a deed in lieu. Since HUD has an unusual amount of homes on the market right now they have been forced to offer some FANTASTIC incentives to purchase. While the format of the search results varies from one management company to the next, this screen shot from HUD Homes in Ohio is typical and gives you an idea of the information that is available (click image to enlarge).hud homes

Government HUD homes or boarding houses where the mortgage was insured by the FHA, it can be purchased as a landlord or investors in closed. If your sale is an insured sale, 50{4ebaaaf11605e777c095b95ec291d6177479c3aef157f5accbc77e39ee4bfa7d} …