HUD

HUD is a government entity responsible for selling all foreclosed properties that were purchased with an FHA loan. There are many benefits to buying a HUD home.

The listing price is commonly well below actual value.
$100 down payment with FHA financing
$2500 closing cost assistance with FHA financing

These properties can be tricky to purchase because of the great deals that can be found in a HUD home. Make sure you have an experienced HUD agent to help you bid and purchase a HUD property. It is important to remember that HUD homes only remain on the market for a short time and all listings have a bidding deadline.