The Investor’s Guide To HUD Homes

Key Takeaways

  • Learn the answers to the most frequently asked questions regarding the purchase of HUD homes.
  • Did you know that there is a way to purchase property owned by the government, often for below market value?
  • Discover how to buy HUD homes for sale, which involves an online bidding process.

Have you ever heard of HUD homes? Perhaps you will be interested to learn that there exists a niche of properties that are foreclosed upon, only to be sold by the government at a later date. Below you will find explanations for some of the most popular questions surrounding the properties offered by the U.S. Department of Housing and Urban Development (HUD homes), including an overview of how to buy this particular type of real estate owned property.

Buying HUD Homes: Frequently Asked Questions

Buying HUD homes may seem like a bewildering task, not unlike learning how

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Telehealth Helps Patients Avoid Rehab in Nursing Homes


Telehealth policies have loosened since the pandemic began, helping feed the surge in at-home recoveries. Medicare has relaxed guidelines for the kinds of patients eligible for services that make rehab at home possible, and many insurance plans now cover those services.

“A lot of people don’t realize, when you check into a hospital, you really need to check out what the discharge plan will be,” says Elaine Ryan, vice president for state advocacy and strategy at AARP. “When you’re discharged, the question is: Can you receive in-home rehabilitation? And the answer is yes. You don’t have to go into those centers.”

Avoiding the nursing home

Nursing homes “were fighting a PR battle” even before the coronavirus swept the U.S. and sickened more than 238,000 residents, says Fred Bentley, managing director of Avalere Health. The pandemic has made that PR problem “way, way worse.”

“We are going to find patients who

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Is Trading Technologies for sale?

Chicago-based trading software company Trading Technologies is for sale, and may be close to completing a deal, according to a report from Barron’s that cites unnamed sources.

Trading Technologies is expected to fetch about $500 million in an auction process that may be in the “late stages” and is being handled by the investment banking shop Broadhaven Capital Partners, the publication said. 

A spokesman for Trading Technologies, Drew Mauck, provided a statement that suggests the talks might be related to a partnership. “The TT platform is an industry-leading technology that unsurprisingly has captured the attention of a variety of industry players,” the statement said. “Conversations with other firms about partnerships are nothing new, as we have always looked for ways to unlock additional value and share our vision for scaling the business.”

Trading Technologies was founded in 1994 and grew up in Chicago as one of the first companies catering

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Real Estate Rumors: JDS Development, Starwood, Kolter

Law360 (October 7, 2020, 5:59 PM EDT) — JDS Development Group is seeking approval for a massive mixed-use project in Miami’s Brickell neighborhood, the South Florida Business Journal reported on Wednesday. The developer is hoping to get the green light for its 1 Southside Park project, which is slated to have 1 million square feet of apartments, 200,000 square of office space, 110,000 square feet of hotel space, 11,000 square feet of restaurant space and 100,000 square feet of health and wellness space, according to the report.

Starwood Mortgage Capital has loaned $89 million to JDS Real Holdings for a portfolio of medial office properties in Florida and California,…

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In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the

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J.C. Penney Revs Up for Sale as Lender Faction Looks to Join Fray

J.C. Penney has now marked out a finish line to dash toward as it attempts to finalize a going-concern sale to landlords Simon Property Group and Brookfield Property and a majority group of first lien lenders. 

At a hearing Wednesday in Texas bankruptcy court, where the case began in mid-May, U.S. Bankruptcy Judge David Jones approved a timeline that puts the retailer on a path to a sale hearing on Nov. 2, and a Chapter 11 confirmation plan hearing on Nov. 24 and Nov. 25. The timeline would allow a first lien minority group, which has argued that the power dynamics in the case have undercut its interests, to craft its own bid to join the sale process. 

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At Wednesday’s hearing, Joshua Sussberg, a partner at Kirkland & Ellis LLP representing J.C. Penney, made the case for the urgency of the sale process at this point in

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Pandemic boosts sales of luxury homes in resort communities

Wealthy Americans are snapping up multimillion-dollar homes in exclusive resort communities as the coronavirus pandemic continues to fuel a work-from-home lifestyle that no longer tethers workers to the office five days a week. 

Sales of expensive homes in places like Aspen, Colorado; the Hamptons; and Palm Beach, Florida have been booming since May, when it became clear the pandemic would upend Americans’ lifestyles indefinitely, according to real estate agents and appraisers across the country. 

“We are seeing greater sales gains in more expensive properties in areas people consider to be retirement destinations and resorts,” said Lawrence Yun, chief economist for the National Association of Realtors (NAR), a trade association representing real estate professionals. “I think this new economy and working from home can also mean working from a vacation home — that is, a larger size home with more elbow room that is in more of a vacation destination.”

For

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Students at several schools isolated after itinerant teacher tests positive for COVID-19

Students from two classes at St. Demetrius Catholic school in Toronto are in isolation for 14 days after a music teacher, who rotates among multiple schools, tested positive for COVID-19.

Several classes in up to six schools in total may be impacted, said Markus de Domenico, the Toronto Catholic board trustee for Ward 2 in Etobicoke, where St. Demetrius is located.

Toronto Public Health alerted families on the weekend, he said, and the notice recommends parents of the Grade 5 and 6 students get their child tested for COVID-19 while in isolation whether they have symptoms or not.

St. Demetrius, an elementary school for students from kindergarten to Grade 8, is located on La Rose Ave., near Eglinton Ave. and Royal York Rd.

And another school, St. Charles Catholic School in North York, will close Monday for a week after an itinerant teacher, who tested positive for COVID-19, had contact

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Swiss watch parts maker Acrotec being readied for 2021 sale – sources

FRANKFURT/ZURICH (Reuters) – Acrotec, which makes components for watchmakers including Rolex and Patek Philippe, is being readied for a sale worth up to 950 million Swiss Francs (773 million pounds) including debt by its private equity owner Castik Capital, three people close to the matter said.

Although the Swiss watch industry saw demand collapse during the COVID-19 pandemic as stores around the world closed and Chinese tourists no longer flocked to shopping hubs like Paris, sales have since recovered.

As a result, the Swiss maker of oscillating weights, escapements and shock absorbers for luxury watches is expected to launch an auction early next year, the sources told Reuters.

Castik and Rothschild ROTH.PA, which is working with it on the planned sale, declined to comment.

Acrotec, which also makes medical implants as well as high precision components for the electronics, aerospace and automotive industries, has

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Australia plans big spending pandemic measures, record debt

CANBERRA, Australia – The Australian government Tuesday will reveal a big spending financial blueprint for the next few years that will drive business investment and job creation while repairing pandemic damage to the economy, the treasurer said.

The government is also expected to accrue record debt in the current fiscal year that ends on June 30, 2021, Treasurer Josh Frydenberg told reporters.

“I will lay out our economic recovery plan to rebuild the Australian economy and secure Australia’s future,” he told reporters.

Budget plans usually delivered in May were delayed this year due to the economic uncertainty created by the coronavirus pandemic. The forecasts assume a COVID-19 vaccine will become available next calendar year.

“Our plan will create jobs. Our plan will create opportunity. Our plan will drive investment. Our plan will grow the economy and guarantee the essential services Australians rely on,” Frydenberg said.

The annual budget is expected

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Statewide foreclosure crisis looming in Louisiana, says Baton Rouge housing professional

BATON ROUGE, La. (WAFB) – Research by Urban Footprint found nearly 110,000 Louisiana households were unable to pay their mortgage in September.



Many people were unable to make their mortgage payments in September due to the ongoing pandemic.


© Provided by Baton Rouge WAFB
Many people were unable to make their mortgage payments in September due to the ongoing pandemic.

A housing professional on the ground floor in the Baton Rouge communities says the sum of overdue housing bills could boil over into 2021.

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“If you have a mortgage or rent that’s been past due for months, then you’re not back to normal,” said Samuel Sanders, the executive director at Mid City Redevelopment Alliance.

Playing catch up with your bills is no easy task, especially when the roof over your head is at stake. Sanders says there’s a looming crisis.

“We’re not feeling good about people getting back on their feet when the moratorium is over and make up any payments that were basically

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