Ogden Utah HUD Homes

HUD Homes are foreclosed properties backed by the department of Housing and Urban Development (HUD). The past few years most home loans were on conventional loans, so these foreclosures don't become HUD Homes. Now, a much larger percentage of Ogden Home Loans are with FHA Loans. These loans that default will become HUD Homes.


Purchasing HUD Homes

Purchasing HUD homes is a different experience tha purchasing other Ogden Utah Homes. HUD homes are listed properties, and you must use a real estate agent who is HUD approved. HUD Homes require that bids are made online. If you win the bid, you will be informed and then will have to also complete paperwork. To make a bid on hudhomes you must be preapproved for a home loan, and must put down a minimum of $1000 earnest money payment.

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