Real Estate Zing
 USA Real Estate  USA Cities  Real Estate Agents List  Fannie Mae  Freddie Mac
 
 Home  »  USA  » HUD Foreclosure Homes

HUD Foreclosure Homes

HUD Foreclosures Homes are preferably given to the owner-occupant, which means that families who want to own a house for their personal residence are given preference. But if the HUD foreclosure properties are not sold then buyers and investors can also make the bid to buy these foreclosure homes. HUD foreclosed homes are generally constructed as 1-4 units and owned by the US Department of Housing and Urban Development. HUD foreclosure occur when there is a default in the payment of FHA insured mortgage.


There also exist discount on HUD foreclosure properties for the families that are affected by Katrina, Wilma, Rita or Hurricane. Besides these families, HUD foreclosure homes and properties are open to all. You can take FHA insured loan for buying these foreclosure houses, as there is no direct provision of giving finance by the Department of Housing and Urban Development. But there are certain restrictions while giving home loan. Loan seekers must qualify according to the criteria laid down by the concerned department.


HUD home foreclosures are not sold directly but in each state of US there are management companies, which are approved by HUD to place their foreclosed properties in the Listing Sites. So for finding these distressed properties you can check the HUD foreclosure list given by these management companies. Along with this there are many registered brokers by HUD who can make bid for foreclosure house on your behalf. These brokers mostly sign contracts with HUD and get commission for every deal they make.


HUD also provide HUD foreclosure assistance through its Housing Counseling Agencies that operate in all the states of US. These HUD approved Housing Counseling Agencies do free or consultation at very low cost on issues related to mortgage default. Counseling services may vary with the agency and you can find out more about the listing of these counseling agency in the official website of HUD.


For finding info on HUD foreclosure listing, foreclosure help and list of counseling agencies, contact the US Department of Housing and Urban Development. For this, contact address and phone numbers have also been provided by Realestatezing.com.

Contact Address:

The U.S. Department of Housing and Urban Development,
P.O. Box 23699,
Washington, DC 20026-3699.
Phone: (800) 697-6967,
Time to call: 8:30 a.m. to 8:30 p.m. Eastern Standard Time
Day: Monday-Friday.
Website: http://www.hud.gov/offices/hsg/hsgabout.cfm


USA Hud
Mortgage
Grants
Homes For Rent
Homes For Sale
Home Listings
Home Buying
Housing
Jobs
Programs
Homes for Rent
Home Loans
Loans
202
Housing Authorities & Associations
FHA
Fannie Mae
Freddie Mac
Hud
Section 8 Housing
Housing Authority
Public Housing Authority
Federal Housing Administration
Real Estate Commission
National Association of Realtors
Real Estate Appraisal Board
The Appraisal Foundation
Coldwell Banker
Real Estate Information
Property Tax
Real Estate Market News
Real Estate Development
Real Estate Investment
List of Cities in USA
Real Estate School
Real Estate License
Custom Home Plans
Real Estate Websites
Unclaimed Property
Home Mortgage
Home Insurance Companies
USA Rental Homes
House for Rent
Condo Rentals
Duplexes for Rent
Property in US
Waterfront Homes
Waterfront Property
Townhomes
Townhomes for Rent
Duplexes
Military Housing
Real Estate Professionals
Real Estate Agents
Home Builders
Architects
Interior Designers
Real Estate Attorney
Building Contractors
Housing Companies
Facility Management in USA
Home Security Systems
Moving Companies
House Cleaning
Maids
Carpet Cleaning
Construction Materials
Building Materials
Lighting
Wood Working
Remodeling
Home Appliances
Furniture
Home Theater
Carpet Cleaning Machines
Carpet Cleaning Equipment
Garden Care
Home Gardening
Lawn Care
Lawn Maintenance
Lawn Mowers
Real Estate Foreclosures
How To Buy Foreclosures
Foreclosure Laws
Banks In USA
Bank of America
Chase Bank
JP Morgan Chase