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Archive for the ‘Insured with escrow’ Category

Should you buy a house that needs repairs? Short answer: No Long answer: It depends Longer than you want to hear answer: I often work with buyers who are seduced by the siren song of the house that needs a lot of work. ‘Lot of work’ means different things to different people. A couple of [...]

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Check out the first post in this series here. But we’re just getting started on everything you need to know about buying a HUD house. By the way, some of these aren’t questions that are asked all that often, but rather questions that you should be asking. What does “insured” or “insured with escrow” mean? [...]

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Buying a HUD house, i.e. a home owned by the Department of Housing and Urban Development, is generally the same as buying any other home with a few key differences. 1. HUD homes are listed for a set amount of time, usually around 10 days, before any offers will be considered. At the expiration of [...]

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