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![]() "Tips, tricks and techniques for getting the most and avoiding the mistakes when buying a foreclosed HUD home." In pursuit of our goal to meet and exceed customer's expectations of value, service and professionalism, At|vantage is pleased to provide you the following report. What are HUD foreclosures, why are they a good deal and how can I benefit from buying one? HUD foreclosures are homes that had mortgages insured by the Department of Housing and Urban Development (HUD) or its predecessor, Federal Housing Administration (FHA). These properties went into foreclosure and were returned to HUD in a Trustee Sale. All of these homes are vacant and they are priced to sell quickly. Some show very poorly and are often sold for prices under the market for similar properties in better repair, with a little effort, these homes can be repaired and instant equity can be realized for your efforts. With a certificate from HUD, it is possible to purchase these homes with as little of $500 down.
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