What is a HUD property?

Jeannie MacDonald of the NorCal HUD team explains the benefits of purchasing a HUD home. Buying a foreclosed FHA property gives a buyer several advantages, including electronic bid submission, and the opportunity not to be outbid buy a cash buyer.

Recently Added Videos

• Is a Short Sale Right for Me? (2:21)
  PMZ Vice President / Broker Jon Zagaris explains the short sale process for sellers and why now may be a good time to weigh your options to avoid foreclosure.
• What is a HUD property? (2:54)
  Jeannie MacDonald explains the benefits of purchasing a HUD home including the opportunity not to be outbid buy a cash buyer.
• Why Consider a Home Inspection? (3:51)
  In a market where homes may sit vacant for months, it's sometimes not what you see that can lead to problems. It's what you don't see. We talk to a local home inspector who explains more.
• Tax Credit Extension Explained for Buyers in Escrow (2:01)
  The Homebuyers Assistance and Improvement Act of 2010 was extended by President Obama on July 6th. Tony Frerking discusses it's implications locally.
• Understanding Credit: Credit Mistakes to Avoid While in Escrow (3:44)
  On June 1st, Fannie Mae enacted a new loan qualifying initiative that verifies borrowers have not taken on any additional debt between application and close.
• Understanding Credit: What Makes Up a Score? How Do I Increase It? (3:26)
  One of the challenges of buying a home is understanding your credit. In the first of our series on understanding credit, Tony Frerking explains what makes up a credit score.
• What is a Home Warranty? Why Do I Need It? (3:32)
  In a market where homes are often vacant for more than 6 months, a home warranty is a valuable asset for peace of mind. Jamie Eger explains home warranties.
• Are Short Sales Taking Over the Market? (2:22)
  PMZ sales manager Richard Hundley discusses a trend he's witnessed first hand - a move from primarily foreclosure listings to short sales taking over the market.
• How Do I Obtain a New Home Loan After a Short Sale? (2:13)
  Scenic Oaks Funding broker Daniel Sosa explains the current rules on purchasing after a Short Sale set by FHA and Fannie Mae, and modifications coming to make it easier to purchase again.

What is Real Insights?
Real Insights provides our clients and industry professionals with insight into the real estate market.