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Home > HUD Homes

 

HUD Homes

 

WILMOTH Group is a Local Listing Broker for HUD Contractors PEMCO  in Central and North Central Indiana and South West Florida, HomeTelos in Central Indiana. and Ofori  throughout Central Indiana and the Florida markets of Orlando, Tampa, Sarasota and Fort Myers.  We are also approved to work with you on buying a HUD home.

What is a HUD home?  It is a home that has gone into mortgage defualt with a loan insured by the Federal Housing Administration (FHA).  Upon default and a subsequent foreclosure, the lender takes possession of the property and ownership is conveyed to the insurer, Housing and Urban Development (HUD).  HUD selects Asset Managers throughout different regions of the country to sell these homes.  A HUD home is any home that could be financed using a FHA-insured mortgage.  These include single family, townhomes, condominiums, mobile homes, or multiple family up to 4 units.

  For information on HUD Homes also visit www.HUDHomeStore.com.



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