Hud homes the government has loads of foreclosed homes that they want to get rid of, if your yearly income exceeds $50,000 sorry Charlie you don’t qualify. You do need to live in the home though. Does anyone out there no the real deal.
Do you want to buy a HUD foreclosure to use as your primary residence? Are you asking how to do that with more than $50K annual income?
What could possibly go wrong here? None of us would rent a home with a payment of $2k/month (I guess that’s what a 230k home would cost??) to someone making $50k/year. But our government will sell that home to those people, with all the risks that go with it.
Josh,
Someone is giving you bad advice. HUD homes in high cost of living areas are priced well over the sales price for someone with only $50,000 in income can afford.