A HUD Home is an FHA insured mortgage that has gone into default. The lender acquires property, submits FHA insurance claim, then conveys ownership to HUD. HUD will then sell the home through their Asset Manager (AM) who coordinates the sale. To find the the HUD Asset Manager for a specific state, go to HUD.gov.
HUD Asset Manager
Chronos Solutions, LLC is an Asset Manager contractor for the United States Department of Housing and Urban Development. Since 2010 we have marketed and closed more then 94,000 HUD properties across the nation.