Question Details

Ebony Lucas, Home Buyer in Frisco, TX

What is the difference between an forclosed, HUD, or FHA home?

Asked by Ebony Lucas, Frisco, TX Tue Feb 23, 2010

Help the community by answering this question:


A foreclosed home is a home in which the bank has taken back the property from the home owner. The bank is now the owner and trying to sell it.

A HUD home is a foreclosed home that the loan was backed by FHA. The Federal Housing Authority foreclosed on the property and is now the owner of it.
0 votes Thank Flag Link Tue Feb 23, 2010
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