Have you tried to buy a HUD home?
- Blog Post by: Alejandra Matos
- January 22, 2014 - 3:13 PM
A reader contacted me to talk about her experience trying to buy a foreclosed house from the U.S. Department of Housing and Urban Development (HUD).
HUD homes are sold in an “as-is” condition, but HUD is supposed to tell the buyer what required repairs need to be made before they can buy the home. The inspections are made by HUD contractors. Potential buyers can also take their own inspectors into the home to do their due diligence.
Our reader said her inspector found a defective boiler and other problems with a HUD home in the Twin Cities.
Have you ever purchased a HUD-owned home? Since purchasing it have you had to make repairs that you didn’t anticipate? Send me an email at firstname.lastname@example.org or call me at 612 673-4028.
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