Baltimore HUD homes are 1-to-4 unit residential property foreclosed by HUD on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.
HUD homes not marketed throughout the bid time remain noted as day-to-day. Several deal HUD homes do sell for much more than the minimal bid. When positioning a quote on a HUD homes, elevate your offering bid to cover some of your closing costs.