Hudforeclosed Review – What Is This Auction Site?
Hudforeclosed is another website that sells by membership HUD foreclosed homes information. HUD stands for Housing and Urban Development it is a federally backed government agency that encourages home ownership by acting as a guarantor on character loans, if someone is to default on their mortgage and goes into foreclosure than HUD assumes the home.
This site is not affiliated with HUD, but uses the HUD in its name to influence how consumers see this website. Using HUD in the name of the company lends the company credibility because upon initial impression it does seem as if there is an affiliation.
This is one of the highest fee for information sites I have come across. The charge is $50 per month. That is a bit extreme. After all what you are paying for is information that is largely free. You are paying a monthly fee whether you use the site or not, whether you find an auction in your area or not there are no guarantees or warranties offered you are simply handing off $50 per month to gain access to information you may or may not use.
The Hudforeclosed.com review shows that the site does offer a toll free customer service number that is manned Mon – Fri from 8-5 PST so that was a plus. There was not any information about the company at all according to their contact page they are located in CA I derived this from their address. The website was easy to navigate and finding resources is simple.