How to Buy a HUD Home
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How to Buy a HUD Home
The U.S. Department of Housing and Urban Development (HUD) is a federal agency that insures homeowner mortgages through its Federal Housing Administration (FHA) arm. HUD reimburses lenders for the outstanding amounts owed on the defaulted properties it insures through the FHA. HUD then turns around and puts them back on the market for re-sale ...
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