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What is a HUD home? HUD is an acronym for The Department of Housing and Urban Development, a US government agency. The HUD homes that are for sale are homes that are currently owned by HUD. The former owners had an FHA loan and defaulted on their obligation to make their mortgage payment. HUD took ownership of the property via the foreclosure process and is now selling the home. As of this time, HUD will pay 3% of your closing costs and the down payment is only $100.00. I have represented many Buyers on HUD homes and I am happy to help you! The only way to buy a HUD home is through a licensed Realtor®. Call me @ 614.218.3560 or email me at JaneTheRealtor.com and I will take you through the entire process. |