FORECLOSURE FAQ


We are here to answer any question that you may have about the purchase of a HUD foreclosure property. If these FAQs do not address your questions or concerns, please contact us and one of our trained specialists will be available to assist you.



Who can buy a HUD Home? 

Anyone with a valid Tax ID (*SSN or Employer Federal Tax ID) issued in the United States can buy a HUD home. Potential buyers must qualify for a mortgage or pay cash to buy a HUD home. Buyers must have a pre-qualification letter from a certified lender, or proof of funds in the amount of, or greater than the gross purchase price of the property.



Where can I find a HUD home?

HUD homes are listed on the HUD Homestore website and in the local Multiple Listing Service (MLS).



How can I view a HUD Home?

All buyers MUST be accompanied by a broker or agent when viewing any HUD Home listed for sale. Brokers and agents must also accompany any individual performing services such as home inspections, appraisals, or certifications.



I am an investor. When can I bid on a HUD property?

During the exclusive listing periods, bids may be submitted by Owner Occupants. At the conclusion of these exclusive listing priority periods, all general public bids will be accepted.



Do I need a realtor to place a bid for me?

Yes, please contact a registered HUD broker or agent to place a bid on a property and to access the home listed for sale. To lookup a broker/agent in your area, visit the HUD Homestore website.



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