HUD Secrets RevealedHUD homes often sell for thousands below the current market value. Read the step-by-step guide to buying HUD foreclosure homes. Read More...
Latest Blog Posts
- Housing Tax Credit Passed - $7500 Loan to Homebuyers
- Syracuse HUD Auction Unsuccessful
- HUD Blocks Government Foreclosure Purchases
- Funding HUD Home Improvements - Tax Free
- $7,000 Foreclosure Tax Credit Proposed
- Syracuse Mayor Requests HUD Foreclosure Auction Cancellation
- Evaluating HUD Properties
- HUD’s Good Neighbor Next Door Program
- HUD Secretary Resigns
- Senators Call for HUD Secretary’s Resignation
HUD Foreclosure News
Housing Tax Credit Passed - $7500 Loan to HomebuyersWell the Housing and Economic Recovery Act passed, and it offers select homeowners eligibility for a tax credit equal to 10 percent of the purchase price of a home, up to a maximum of $7,500. This credit is $3,750 for married couples filing separately. Unmarried people who jointly purchase a home will...
Syracuse HUD Auction UnsuccessfulAfter denying local government requests to further postpone auctions on several properties, HUD put the apartment complexes on the auction block. Not a single bidder came forward. Previously, HUD had offered local Syracuse officials a short postponement. But, when they were unable to find a suitable...
HUD Blocks Government Foreclosure PurchasesEarlier this week, HUD decided to block government foreclosure home purchases in Ohio and Michigan. In both states, local governments were going to purchase HUD properties for $1 under a special program. The communities would then restore the homes or, as is more likely in these cases, bulldoze and rebuild. Now,...