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 proposal time stay listed as daily. Numerous deal HUD homes do sell for far more than the minimal bid. When placing a quote on a HUD homes, increase your offering quote to cover some of your closing costs.