No a HUD home is not........

I had a Metro Detroit first time homebuyer tell me today that he didn't look at any of the Metro HUD foreclosure home listings that were included in my email to him. He threw them out. I had to ask him why? He told me he thought HUD homes would be in the "hood". That a HUD home would be in the projects or in a bad area. An area full of HUD homes.

NOOOOOOOOOOOOOOOOO!!!! That's not true. Most HUD homes that are for sale right now are FHA foreclosures. Most metro Detroit HUD homes are a home that the previous owner had a FHA mortgage. The previous owner didn't pay the mortgage and now it has become a HUD home listing.

You will find a HUD home in almost any neighborhood. You have to remember up to few years ago the FHA loan limits were low. So most FHA loans were under $150,000. So most HUD Foreclosures will be under the $150,000 range. There are many Metro Detroit HUD foreclosures that will be less than $50,000.

You can find HUD homes in Livonia, Dearborn, Plymouth, Redford to name a few of the many cities that have HUD foreclosures right now. So don't be afraid of looking at HUD foreclosures they are in the same neighborhoods. Metro Detroit HUD foreclosures are in the same condition as other foreclosures. Some are in decent shape, some are in poor condition.

Russ Ravary your metro Detroit real estate agent

Search Metro Detroit real estate and Metro Detroit foreclosures