What is a multifamily property according to HUD?
Multifamily properties are rental housing properties with five or more dwelling units. These commercial housing units consist of apartment buildings and townhouses, but occasionally are elderly housing, nursing homes, hospitals, mobile home parks, retirement service centers, and vacant land.
What is Multifamily Property Disposition?
A program in which HUD forecloses on HUD-held multifamily mortgages, sells HUD-owned multifamily properties, and manages HUD-owned properties and properties where HUD is mortgagee-in-possession.
Interested in purchasing a HUD foreclosure?
You can subscribe to the Multifamily Property Disposition Mailing List. If you find a property that appears to interest you, obtain the FREE Info and Bid Kit. If you have any questions after reading the information you receive, contact the assigned Realty Specialist.
Note: Properties are sold for cash, with no financing or mortgage insurance provided.