HUD Homes vs Foreclosures

Casual real estate observers often conflate foreclosures and HUD-listed properties. Foreclosures are properties that banks outright own, either through foreclosing on a property owner or purchased by the lender. These properties are listed on the market for sale by the lender, often through an auction process but not always. The two categories of homes for sale share little in common other than the fact that the regulating authority, aka the government, is in charge of some aspects of the sale of these properties.

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