Your browser does not support the video tag.
  • Home Finder
  • Knowledge Center
  • Email Alerts
  • Mortgage/Credit Help
  • Reviews
  • Professionals

Main Menu

  • Home Finder
  • Knowledge Center
    • Easy ways to save on Foreclosures
    • Top 5 Foreclosure States
    • Building wealth quickly
    • 3 Secrets to Buying Foreclosures
    • Short Sales from Fannie Mae
    • Building Your Foreclosure Portfolio
    • Buying A Foreclosure Home With No Money Down
    • Adjustable Rate Mortgages (ARM)
    • Obama’s Loan Modification Program
    • Fannie Mae Foreclosures
    • Real Estate Market Recovery
    • Dangers of Nehemiah Program
    • HUD Homes
    • HUD Homes for Sale
    • Pre-Foreclosure Buying
    • REO Listings
  • Email Alerts
  • Mortgage/Credit Help
  • Reviews
  • Professionals

Hidden Menu (sitemap)

  • Prequalify
  • Front Page
  • Property Search (Subpage-State) [foreclosure]
  • Property List Subpages [homes]
  • Search Results
  • Real Estate Pros
  • SEO Landing Page
  • Contact Us/FAQs
    • Contact Us
    • About Us
    • Frequently Asked Questions
    • Company Info
  • EBC [foreclosure-expert]
  • Unsubscribe

Pages

  • Terms of Use
  • Privacy Policy
  • Clear Expert Banner
  • Green Mortgage Options
  • Stop Foreclosure
  • Reverse Mortgage
  • Client Resources

Footer Menu

  • Sitemap
hudmax
At hudmax.com we strive to bring you the best homes in your area. No longer do you need to search through properties you don't want.
  • Credit Repair- Get a FREE credit consultation today!
  • Prequalify for a Government Loan
  • Home Buyers: Free Foreclosure Search
  • Professionals: Ways to connect with real estate buyers in your area.
  • Refinance Your Mortgage & Save
  • Home Equity Loans Available
  • Reverse Mortgage - Have Your Home Pay You!

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. 

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

 

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.     

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

Home | Advertise With Us | Email Alerts | Knowledge Center | Blog | Sitemap
Reviews | Terms of Use | Privacy Policy | Contact USHUD.com | News Feed



© 2000-2019 HUDMAX For Additional Copyrights, Disclaimers and Statements
please review our Terms of Use and Privacy Policy
HUDMAX is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

HUDMAX is an Equal Housing Opportunity

- Pat. 7,813,958 - Pat. 7,958,007 - Pat. 8,046,258 - Pat. 8,073,737 - Pat. 8,190,476 - Pat. 8,195,514
- Pat. 8,306,856 - Pat. 8,412,576 - Pat. 8,510,165 - Pat. 8,825,527 -