Tag: HUD
Understanding the HUD/FHA Short Sale Process
Distressed homeowners who have exhausted most other methods to avoid foreclosure on their homes typically decide to perform a short sale. If you have an FHA-backed loan, you’ll be happy to learn that the United States Department of Housing and Urban Development (HUD) offers a program, known as the Pre-Foreclosure Sales Program, which allows the…
The Truth About Foreclosures
Whether you own a home and think you can just stop paying your mortgage and escape foreclosure for the next three years without consequences or are hoping to buy a foreclosed home and make off like a bandit with tens of thousands in profits like you see on reality TV shows, you could be in…