Seth Neal || 208.515.2165 || seth@boiserealestateguy.com

What is a HUD Home?

A "HUD home" is a residential property acquired by the US Department of Housing and Urban Development (or HUD) as a result of a foreclosure action on an Federal Housing Administration (FHA) insured mortgage. HUD becomes the property owner and…

Read More

What is a REO Home?

A REO, or Real estate owned (or commonly called Bank owned) property is one that is owned by a lender after an unsuccessful sale at a foreclosure auction. The lender will typically set the opening bid at a foreclosure auction for…

Read More