Colleen's (and occasionally, Joe's) Blog

If you’re searching for a HUD home in Tri Cites Washington you would likely find minimal listing on the internet. It is best to check with an authorized real estate sales professional for up-to-date information. If you’re thinking of buying a HUD home, your agent will be in-charge of providing you with the necessary information and submitting the bid on your behalf.HUD homes are properties of interest for most home buyers. These properties are acquired by HUD as a result of foreclosure on an FHA-insured mortgage. Houses are auctioned, usually at bargain deals, to regain loss on the foreclosure claim. Investors would most-likely compete with each other. The priority is given to owner-occupant purchasers, or those seeking for a primary residence, before the sale is made available to all other buyers, including investors. Originally posted at HUD homes.