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 What does "HUD" Stand For?
By: Darin "Sid" Cameron, CRS
Fri, Jun 9th, 2006 10:16 pm

Somewhere along the line I referenced HUD in a blog post and I had a reader ask just what HUD was.

HUD is short for The U.S. Department of Housing and Urban Development.  This is a federal government agency that was established in 1968 to manage federal housing and community development programs.  Over the years they’ve merged or taken over other governmental housing agencies- including the Federal Housing Administration (FHA) that backs government insured home loans.

If an FHA backed mortgage loan goes into default, they are foreclosed on and resold by HUD, so in real estate sales you may hear people talking about “HUD homes” (i.e. their foreclosures that are for sale).

You may also here real estate agents refer to RESPA.  That stands for Real Estate Settlement Procedures Act.  These are consumer protection laws that guide the day to day activities of real estate brokers, agents, title companies, lenders and others in our field.

Hope that helps explain things.

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Darin "Sid" Cameron spent 15 years working in the technology industry which in 1998 relocated him to St. Louis. In 2004 he took over web development tasks for Kimberly's real estate team and later became the full-time Marketing and Operations Director in 2005. In 2011 Sid launched two brokerages, The Realty Store, Inc. and Realty Referral Partners, Inc, while continuing to perform marketing and operations for Kimberly's team. Sid holds a real estate broker's license in Missouri, CRS certification and was the first CyberStar in the St. Louis area.
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