ST Alpha - "Upon further research, the house I really like from photos is apparently a HUD house. That would make it pain, wouldn't it? -- nm" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 155

Upon further research, the house I really like from photos is apparently a HUD house. That would make it pain, wouldn't it? -- nm

Posted by Dano (aka dano) Jan 19 '16, 20:26

(No message)

Responses:

Not always ... Insurance details inside - JenBro Jan 19, 20:56
I am not at all versed in this area, but my vague recollection wants to say this just means you have to buying it as a primary residence - ty97 Jan 19, 20:29 6
- Though digging further I'm finding things like "Insurable with Repair Escrow" - Dano Jan 19, 20:41 4
  - Be sure to ask the age of these things: water heater, roof, heating/furnace, electrical amps, type of plumbing pipes. -- nm - JenBro Jan 19, 20:58
  - wouldn't that suggest its a foreclosure? that it needs some repairs which is why its underpriced (handyman special, are you handy? do you know any) - zeitgeist Jan 19, 20:49 2
    - I think HUD basically just means that it was a foreclosure on a federally insured mortgage so now the government owns it. -- nm - Dano Jan 19, 21:03 1
      - Ummm nope - I don't think so. Modular homes are 2 types - HUD or BOCA -- nm - JenBro Jan 19, 21:06
- I had no idea what a HUD house was, so I looked it up. apparently there's a priority period where you can only purchase as a primary residence. - mafic Jan 19, 20:37
Pain? Why? Let socialism give you the warm hug of economic reinforcement. ;-) -- nm - Beryllium Jan 19, 20:28

Post a message top

Replies are disabled on threads older than 7 days.