Should I Purchase a Lake Charles LA HUD Home?
By Marilyn Boudreaux, Lake Charles LA Century 21 Realtor
(Marilyn Boudreaux, Century 21 Bono Realty)
Lake Charles LA HUD Homes For Sale I am frequently asked 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. HUD stands for Housing and Urban Development. Consumers can access the HUD Home Store website to view current properties for sale listed by state. The HUD website allows public views and bidder views. In order to make an offer on a HUD property, the Bidder must be a registered REALTOR. Your Lake Charles Real Estate Agent should be a registered REALTOR with their Brokerage and can represent the Home Buyer or Investor in a HUD home purchase. The Process for Buying A HUD Home When makin...
Comments
1