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HUD Homes Northern Colorado

HUD Homes Northern ColoradoHUD homes Northern Colorado

At times we have HUD homes in Northern Colorado available for sale through Blue Tree Real Estate.  So, what exactly is a HUD home? A HUD home is typically a 1-to-4 unit residential property.  This property has been acquired by the U.S. Department of Housing and Urban Development (HUD) as a result of a foreclosure action on an FHA-insured mortgage. HUD then becomes the property owner and thus offers it for sale at a lower price to recover the loss on the foreclosure claim. HUD homes can be a very good deal! Once HUD takes control of the property they then sell it at cost giving the buyer a great opportunity!

Almost anyone can purchase a HUD home! If the purchaser can qualify for a loan (with certain restrictions) or has the cash then they may buy a HUD Home. HUD Homes are initially offered to people who are buying the home as their primary residence. Following the priority period for owner occupants (those planning to live in the home), unsold properties are available to all buyers, including investors.

To learn more about HUD homes, the HUD website is a great source of information.

Please look through our listings of current HUD homes in Northern Colorado.  Contact us with any questions!