Government Homes for One Dollar?

Urban legends about Hud

1) You can buy a home from the government for .

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Did you surely think you could? Sadly, most population that enter their reputation card numbers on those flashy venture websites, or call in and order that high-priced As Seen on Tv holder surely think they can.

Hud does have programs which allow charities, city, and county governments to buy properties at , but there are no programs for investors or home buyers which allow this.

2) Hud homes are in the worst neighborhoods in the city.

Not true at all. Hud homes can in fact, be found in even the most exclusive areas of the city.

3) Hud homes are normally falling down, or have been condemned by the city.

Again, not true. While there are surely some houses in very poor shape, the vast majority of houses are in remarkably good shape.

4) Hud only sells a home when a welfare house no longer wants to live there.

This is a huge myth. Hud gets their homes when a home owner defaults on an Fha insured mortgage. population from all walks of life lose houses everyday. The number of Hud owned homes in middle class neighborhoods would astound you.

The next time you see a website gift information on Government homes, you'll know great than to click on that blinking box! If any way you are concerned in a fixer-upper, Hud may have a house for you.

Government Homes for One Dollar?