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Second, HUD sells its houses by way of a web based bidding system. When payments aren’t paid on a mortgage insured by the Federal Housing Administration (FHA), the lender (mortgagee) forecloses, or accepts a deed-in-lieu. HUD say that they sell the houses at “Honest Market Value” and one should always be certain that what the precise market value is for that exact property.
And so on.) Our realtor beneficial this and I did it before …