What's the difference between a HUD home and a Foreclosure?

Question:

Answer:
A HUD home is a foreclosure, but was backed by HUD to the lender. HUD is now the one selling the foreclosed home.

All HUD homes are foreclosures, but not all foreclosures are HUD homes.

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One is owned by Housing Urban Development and the other one defaulted on his mortgage to the bank.

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HUD homes are financed / backed by HUD and most are not in foreclosure.
Many foreclosures coming to market in the next year will not be HUD homes , although some will.

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