2006-07-03 16:51:43 · 7 answers · asked by egtabet 2 in Business & Finance ➔ Renting & Real Estate
mrdowjones, i did some search but wanted more info from ppl who encountered something like that. So you dont have to be sarcastic you SOB, kiss my *** mrdowjones. And thanks for all the rest.
2006-07-03 17:04:10 · update #1
There just foreclosed homes.That HUD took from the Banks when the Auctions were unsuccessful.There not always torn down.When some banks are insured by FHA and CFHA and ther is a foreclosure the properties go to them.
Good Luck..
2006-07-05 15:38:07 · answer #1 · answered by innovativeinvest@sbcglobal.net 2 · 2⤊ 0⤋
HUD, or Housing and Urban Development, is a Federal agency that, among other things, takes ownership of homes with FHA-insured mortgages when the owner defaults on the note and the lender forecloses. The homes are then offered for sale at market value.
2006-07-03 23:57:59 · answer #2 · answered by Jack 5 · 0⤊ 0⤋
Housing and Urban Development. They are homes that were purhased with government backed loans. Someone couldn't make the payments so it's now a foreclosure. Did you go to HUD.com or put HUD in the Yahoo search engine and go from there.
2006-07-04 01:20:55 · answer #3 · answered by Karen E 1 · 0⤊ 0⤋
Try the site listed below. It is the official site for the U.S. Department of Housing and Urban Development (HUD).
2006-07-03 23:56:31 · answer #4 · answered by ted_armentrout 5 · 0⤊ 0⤋
HUD homes are goverment homes built for low income families. Including single parents.
2006-07-03 23:59:39 · answer #5 · answered by DANIEL R 1 · 0⤊ 0⤋
homes that are torn up and have been abandoned for the most part..many have mold issues.......go to hud website and take a look in your area
2006-07-03 23:56:50 · answer #6 · answered by Anonymous · 0⤊ 0⤋
God Bless you in search in finding the truth as the truth will set you free.
2006-07-03 23:54:21 · answer #7 · answered by Anonymous · 0⤊ 0⤋