Note: A HUD home is a property that was acquired by US Department of Housing and Urban Development as a result of a deficiency on an FHA mortgage. HUD homes are available to anyone as long as they can qualify for a loan or pay in cash. HUD homes are sold “as-is”. If a HUD home is in need of repairs, the price is marked down accordingly. HUD homes are sold through a bidding process where HUD-approved real estate agents submit sealed bids on behalf of their clients. HUD then reviews and typically accepts the highest bid.
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