HUD

Janet Wickell
HUD Foreclosures For Sale
Department of Housing and Urban Development (HUD) residential foreclosures are available throughout the United States. The sales process for purchasing a HUD home isn’t quite the same as you’ll encounter when buying a home from an individual, so take a few notes before you go home shopping.
What is a HUD home?
The [...]

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REO – Real Estate Owned

Q: What is a “bank-owned property”?
A: When a borrower with a mortgage from a bank or mortgage lender can’t meet the payments, the lender forecloses on the property and takes ownership of the property. Then the lender lists it with a listing (real estate) agent and sells it at market value as quickly as possible.
Q: Who can [...]

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Understand your Rights

Your Rights
 

This may be the largest and most important loan you get during your lifetime. You should be aware of certain rights before you enter into any loan agreement.

You have the RIGHT to shop for the best loan for you and compare the charges of different mortgage brokers and lenders.

You have the RIGHT to [...]

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