Question:
“I was looking into what kind of home I want to buy and heard someone mention HUD homes. What are those?”
Answer:
HUD is the U.S. Dept of Housing and Urban Development. HUD guarantees FHA loans. So HUD homes are FHA foreclosures.
With so few foreclosures now, you missed the boat on those.
Or in the case of HUD foreclosures, you missed the dinghy—there were so few HUD foreclosures that the odds are you wouldn’t have bought one anyway.