Posted by Dave T on May 12, 2009 at 14:19:27:
If the bank forecloses on a HUD insured property, and then files a claim with HUD to recover their loan loss, HUD gets title to the property. The property then goes into HUD’s REO inventory.
Bank deeding to HUD - Posted by elroy
Posted by elroy on May 12, 2009 at 13:53:14:
I’m looking through the register of deeds and I’m seeing a lot of deeds going from banks to HUD. What is that?