Saturday, April 23, 2005

HUD Foreclosures; affordable housing

There is a large amount of foreclosure homes that you can access through HUD. These homes although targetted for home buyers, is also available to investors after a time period has passed from which buyers have first priority. Whatever is left over is available to investors.

An important idea to be aware of is that the homes are sold on an "as is" basis with no warranty. However despite this fact, HUD foreclosures can be an economic windfall to the buyer/investor who has done their homework.

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