February 14, 2017
HUD homes can be a one-to-four unit single family residence acquired as a result of a foreclosure on an FHA-insured mortgage. These homes are not considered low-end housing and offered for sale at fair market value, based on a recent appraisal. They vary in price, location and condition. When you purchase a HUD home you are buying the home in an “As Is” condition.
Some HUD homes are move-in ready while others are not. When a property is sold “As Is” the following is true:
Information taken from Sage Acquisitions Quarterly Training Guide
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