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This answer is from What's a HUD home?

Kristen Sullivan
FiLife Contributor
Kristen Sullivan said
9 months ago

HUD is an acronym for the U.S. Dept. of Housing and Urban Development: http://www.hud.gov/buying/comq.cfm

HUD takes ownership of homes with mortgages insured by HUD that were foreclosed. HUD claims that there are some good deals out there; you can learn more about buying a HUD home here: http://www.hud.gov/offices/hsg/sfh/reo/reobuyfaq.cfm

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