To answer your question, yes this is a foreclosure home by hud. It can be purchased by a owner occupied anytime, but if you do not plan to occupy for at least one year, you need to wait for the investor period. You also need to work with a Hud certified broker to purchase.
And the only way you can purchase without a credit check is to pay cash.
Otherwise, the two things you need to get a loan these days is good credit and down payment to purchase. Down payment can be resolved by many ways, but credit is a minimum standard. A lender will pull your credit first thing to qualify you.
I am a HUD certified broker with a lot of experience with these transactions. There are special things about buying a hud home.
Please feel free to contact me and I can explain.
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