An informed buyer is a happy buyer!
What is a HUD Home?
A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.
This workshop is provided to as an introduction to the process through which HUD homes can be purchased.
Buying a home through HUD's Good Neighbor Next Door initiative is designed to encourage renewal of revitalization areas by providing an opportunity for law enforcement officers, firefighters, emergency medical technicians and teachers to purchase homes in these communities.
HUD provides a substantial incentive in the form of a 50% discount off the list price of eligible properties.
TEAM NUVISION HUD Homes experts will walk you through every aspect of purchasing a HUD property while providing the appropriate educational credits to become eligible for down payment assistance programs, including:
HUD sales process
Credit and budgeting
First time home buying
First Come, First Serve
Welcome To Home Ownership