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My name is Robb Spearman and I am a licensed real estate broker in the State of Iowa.
Over the last 4 years I have been the Broad Listing Broker for HUD (The US Department of Housing and Urban Development).
What does that mean? I have been in charge of marketing these homes in the State of Iowa. You don't live in Iowa? Don't Worry. You can find a HUD Home in all 50 states.
My job description is to be the resource for the Realtor and Buyer. If they have a question or a problem ... they call my office.
Real Estate Foreclosures Hit Record Highs
What does this have to do with a HUD Home? Great Question ! !
A HUD Home is a bank foreclosure that was financed with a FHA mortgage. A Mortgage loan insured by the federal government (HUD). HUD pays the bank after the home is foreclosed upon. The bank got there money. HUD got the home. Now HUD needs to sell the home.
Over the last several months we have been overwhelmed with telephone calls. That is the reason for this website. We thought this would be a good resource to answer those questions | 
