HUD homes are those that have been acquired by the government due to foreclosure on an FHA-insured mortgage. To recoup the monetary loss on the foreclosure, HUD tries to sell these homes.

Altogether, Chapman said, there are about 7,000 of these foreclosed homes in the two states ... was extraordinary. HUD spokesman Lemar Wooley said that of 21 similar contracts solicited in ...

The previous owner was unable to pay their federally insured mortgage, and the house was seized by a bank and turned over to HUD. Only a small percentage of foreclosed homes in the United States ...

You can start this week. A HUD home is a one-to-four-unit residential foreclosure owned by the U.S. Department of Housing and Urban Development. This is the agency that oversees the Federal ...

A HUD home has been foreclosed because a homeowner has defaulted on a Federal Housing Administration loan, and the Department of Housing and Urban Development then sells the home to recoup its losses.

HUD Secretary Scott Turner will be ... mortgage servicers from initiating or completing a foreclosure on an FHA-insured single-family or Home Equity Conversion mortgages through July 7.