| 词条 | HUD auction |
| 释义 |
A HUD auction is a form of foreclosure auction except the original lender was a federal agency instead of a private lender. The United States Department of Housing and Urban Development (HUD), is the insurer of loans made through a variety of government programs, particularly FHA loans. When a lender forecloses on a government insured loan, HUD takes possession of the property. Homes are listed on the Multiple Listing Service by a listing agent who generally receives a 1% commission for listing the property, but is otherwise unaffiliated with HUD.{{Fact|date=April 2008}} External links
4 : Mortgage industry of the United States|Real estate in the United States|Auctions|United States Department of Housing and Urban Development |
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