Skip to main content

Buying a Home

Legal Information > Other Resources
7 Resource(s) Found
Filter By:

Common Questions of First-time Homebuyers

This document contains frequently asked questions that first-time homebuyers have about purchasing a home.

HUD Homes (Answers to Common Questions)

This web page explains how to buy a HUD Home and provides links to properties that are available near you for purchase from HUD. When someone with a mortgage insured by the Department of Housing and Urban Development (HUD) can't meet their payments, the lender forecloses on the home. HUD pays the lender what is owed and HUD takes ownership of the home. Then HUD sells it at market value as quickly as possible.

Is It Better to Buy or Rent?

There are many advantages to buying a home versus renting one. This web site helps you compare the two situations. View these advantages in the Buy vs. Rent Comparison Chart, or view a financial comparison of buying versus renting in the Buy vs. Rent Calculator.

Back to top