Hud Homes In Utah-What You Need To Know! As you may or may not know, HUD homes are actually FHA or VA loans that have been foreclosed by their respective lenders and returned to Housing and Urban Development (get it…HUD) for resale. These homes can range in price from $50,000- to 750,000 (in Utah) and […]
The what and why of foreclosures and shortsales.
Foreclosures have been one of the best real estate purchases of late. However, Foreclosed homes can be tricky transactions.
There is a great deal of difference between a foreclosed home and a shortsale. Let’s start by saying that both these transactions involve the bank that held the mortgage on the home.
We have talked about foreclosures in Utah for quite sometime now, both through blogging and on facebook and even tweetin it a few times. One question we have been asked repeatedly is ” What is a First Look Home…and why should I care?