I don’t know if any of you have ever been interested in buying a HUD home, but now is the time to move on that if you’re going to. Think about it, all these people are getting their homes foreclosed on and the homes are sitting empty. HUD foreclosures are a great deal when you take the proper steps.

First things first, let’s examine this opportunity for what it is, a chance to own a home at a fraction of the cost. When you buy a HUD home, you’re paying what the previous owner defaulted on, so it’s not the value of the home, it’s just what was left unpaid. In this market, you could really end up with a steal.

Check it out on the HUD.gov site. That link takes you to the part of the site where you select your state.

If you have further questions, please ask, I’ll be writing a subsequent post Monday and maybe a few more throughout the week to talk about the process in more detail and I’d like to have the opportunity to answer your questions specifically.

There’s lots more to know…stay tuned!

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