Buying A HUD Home Is A Great Way To
SAVE THOUSANDS On Your Home Purchase!
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What is a HUD Home?
A HUD home is a 1-4 unit residential property offered by the Department of Housing and Urban Development (HUD) as a result of a foreclosure action on a Federal Housing Administration (FHA) insured mortgage loan. Hud then becomes the property owner and lists it for sale to recover the loss on the foreclosure claim.
Who can buy a HUD home?
HUD has five (5) types of buyer profiles that are eligible to purchase HUD owned homes.
- Owner Occupant
- Investor
- Good Neighbor Next Door
- Non-profit Organizations
- Government Agencies
Do Home Buyers Need To Use An Agent?
Yes! Prospective home buyers must use a registered selling broker or selling agent to make an offer on any HUD owned home.
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