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The Scoop on HUD Homes and why you should consider one

If you’re house hunting in Denver, chances are you’ve come across properties listed by HUD. These types of homes can turn out to be a great deal if you understand what they are and the process of purchasing them.  Let’s start with the basics: HUD stands for the U.S. Department of Housing and Urban Development. […]

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Answers to Common HUD Home Questions

  What is a HUD home? How do I buy one? Should I consider this type of housing? All of these are probably at the top of your list of questions when it comes to investing in a HUD property. It’s true that the HUD home buying process is different than traditional home sales, but […]

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Who can buy a HUD home?

While the Denver market is slowly shifting towards buyers, inventory here remains low, while prices are still high. That’s why many house hunters add HUD homes to their searches – not only can it increase your options, but you could end up making a great investment! But what exactly is a HUD home and how […]

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What is a HUD Home and is it the Right Home for you?

Owned by the U.S. Department of Housing and Urban Development, a HUD home is a kind of residential foreclosure. When a home financed by a Federal Housing Administration (FHA) loan goes into foreclosure, the original lender gets reimbursed by HUD for the outstanding loan balance. HUD then takes over ownership of the property and sells […]

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Ask yourself these Questions Before Buying a HUD Home

HUD homes can be a fantastic opportunity for first-time home buyers, especially if you’re willing to put a little work into the property. HUD homes are also a great option in areas where inventory is on the low side. While not identical to a traditional home sale, buying a HUD home isn’t particularly difficult. Here […]

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Examining the HUD Home Bidding Process

If you’re a potential home buyer in a hot market like Denver, chances are you may be considering adding HUD homes to your search to give you more affordable options. But if you’re a first-time buyer you may have questions about how to actually go about getting a HUD home. Here we’ll give you an […]

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What to Know Before Buying a HUD Home

HUD homes and other distressed properties often get a bad rap, but the truth is that these types of foreclosures can actually be a great deal. If you’re not familiar with the HUD home buying process, you’re certainly not alone. Here we’ll break down what to expect if you’re thinking of purchasing a HUD home […]

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Using a Fixer Upper Loan to Purchase a HUD Home

HUD homes can be very appealing due to their lower price point, but most of the time these types of properties come with a list of necessary repairs and upgrades. These can range from small cosmetic changes to extensive repairs, which makes it crucial to get a thorough inspection. While it may seem daunting at […]

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Why HUD Homes should be on your Radar

Denver’s slight increase in housing inventory last month is certainly a welcome change, as anyone house hunting here will tell you affordable options are still on the limited side. A great way to expand your search options is by considering non-traditional housing options like HUD homes. But what exactly is a HUD home and why […]

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Financial Incentives for Distressed Properties

Distressed properties can be a great value for buyers in particularly hot markets where traditional homes may not be as affordable. In areas like Denver where home sale prices seem to be ever increasing, adding short sales, foreclosures, bank-owned properties, etc., can help expand the choices for potential homebuyers. Here we’ll check out a few […]

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