A home that has gone into mortgage default with a loan that is insured by the Federal Housing Administration (FHA) is referred to as a HUD Home. When this occurs, the lender takes possession of the property and conveys ownership to Housing and Urban Development (HUD). HUD then sells the home though their Asset Management (AM) contractor such as BLB Resources. A HUD Home may be a single-family house, townhouse, condominium, mobile home or multiple attached homes up to four units.
Click this link to download a photo list of San Diego HUD Homes or call us at 619-618-7997 for more info on HUD Homes.