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what is a hud property

1Answers
OEmerson
11/28/2025, 06:03:19 AM

A HUD property is a home owned by the U.S. Department of Housing and Urban Development (HUD) following a foreclosure on an FHA-insured mortgage. These properties are offered for sale to the public, often at discounted prices, to recover losses from the foreclosure. HUD homes are sold "as-is," follow a specific bidding process, and generally prioritize owner-occupant buyers over investors.

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