What is a HUD Home?

According to HUD (Housing and Urban Development) website: “A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.”
To learn more about HUD homes and how to purchase one click here.Want to locate a HUD property for purchase?  Click here