Denver HUD homes are owned by the Department of Housing and Urban Development. The owner defaulted on their HUD Insured loan and the house entered into foreclosure. The U.S. Department of Housing and Urban Development sells some homes to qualified buyers for 10 to 50{6ea1d85b87534fab6e24031f499cc2ede23940dcd11dcec5d1566c72a09a2c6a} off market price. It is in fact these homes — ones that are originally purchased using an FHA insured loan — that become what can be referred to as HUD homes” when the borrower defaults on the loan.
There is also a chance that HUD will accept an investor’s low bid if HUD changes the price on their homes, and that low bid is now in an acceptable range to HUD. BLB Resources and HUD make no representation or warranties, expressed or implied, concerning the condition of the property, and will not make repairs to the property.
If the owner is unable to make payments …