The U.S. Department of Housing & Urban Development is apparently the single largest source of foreclosure properties in the country. Those are homes that have been seized by lending institutions when people fail to make their mortgage payments.
A new guide to buying those foreclosed properties has just been released (a hat tip to the Inman New Service for clueing me in) by a 22-year real estate veteran.
“I’ve been involved with FHA 203(k) rehabilitation financing and held buyers’ hands on numerous occasions after they placed successful bids on HUD Homes. My new eBook has lots of tips you won’t find anywhere else!” claims the author, Frances Flynn Thorsen.
The book claims to be the first ever published guide to buying HUD homes.
Thorsen’s also an avid blogger at her HUD Homes for Sale blog .