Can I buy a foreclosed home with the HUD Housing Voucher Home Buyers program?
I am on section 8 but hate being at the mercy of a landlord who could decide to stop taking the voucher. There are few places in OC that take the voucher since people are willing to pay more. I want to try to buy a home using their voucher program but have been told that it can not be used on a foreclosure. I was told today buy someone at CalHFA that I can. And what about pre-foreclosures since those are still owned by the owner, or short sales? There is no info on the OCHA site and I can't find anything, even a phone number for HUD in DC to call.
1 attorney answer
No you cannot do so. Any time, prior to purchasing a foreclosure, you need to retain an experienced mortgage foreclosure defense attorney, who will have the expertise to help you avoid problems with foreclosed properties, which can have devastating financial consequences for the uneducated and unprepared. If you need a phone number for HUD do a Google search. Use AVVO's Find a Lawyer tool to select a qualified attorney. Good luck. THIS IS NOT LEGAL ADVICE! YOU NEED TO SPEAK TO AN ATTORNEY WHO IS LICENSED IN YOUR STATE FOR LEGAL ADVICE. This is merely suggestions for you to think about in discussing your situation with the local attorney.
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