Question by thatsahotname: is purchasing a “hud” house diffrent from just a regular house?
i seen a reaaaaaaaaaally nice house, that was a really good price. I never bought a home before and am really considering it lately,with prices being so low. It the details of this particular home it says “HUD” owned. Whats this mean? is it a different buying process then not ones that are not? i know buying “foreclosed” are different when buying…so i don’t know. Can any one help me out lol
Answer by Landlord
Yes, you have to be low income and you have to live in the house. You can only big through a HUD agent as well. Find one on their site, http://www.hud.gov
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