From Wikipedia – “In 1983, a Federal Trade Commission study revealed that more than 72 percent of home buyers in the United States mistakenly believed that the agent who was showing them homes was representing their interests. As a result, laws requiring agents to disclose whom they actually represent have been passed across the country.”
This guide contains valuable information about the process of buying HUD homes. Is the property a foreclosure? Well, it has been foreclosed upon – but now it is owned by HUD. These homes are now available on the open market. Hopefully, this guide will answer some of your questions about buying HUD homes. And give you a few things to consider as well. It’s not as complicated as it sounds…so let’s get started!