Keller Williams Hollywood Hills
8560 W. Sunset Blvd. #3
Facebook Fan Page: Access Hollywood Real Estate
often when people are referring to "the" HUD, they're referring to the Real Estate and Settlement Paperwork Act (or RESPA) also known as a HUD-1.
this is the paperwork at the end of the closing that represents the settlement of the funds brought to a closing. A "who gets what" if you will.
(See link below).
All HUD Homes are sold AS-IS, without warranty. HUD will not make repairs nor pay to correct any problems.
There are some good deals...but buyer beware!