Question:

How to find HUD homes for sale listings?

Answer:

HUD homes for sale are found on listings of your state or area. If you plan to buy HUD home for sale, contact a real estate agent to submit a bid for you.

Buying HUD Homes for Sale

HUD homes are 1 to 4 unit properties acquired by HUD as a result of a foreclosure on an FHA insured mortgage. If you have sufficient funds or are eligible for a loan, you can bid for a HUD home as your primary residence. If you want HUD homes for sale as investment properties, your turn comes last, after potential occupants submit their bids.

HUD homes for sale listings are found online, through companies subtracting to HUD. There are dedicated Internet listing sites with HUD homes for sale.

Any real estate broker registered with HUD may represent you when trying to purchase a HUD home for sale. HUD will pay the broker's commission as specified on the contract. HUD homes are sold without any warranty on their condition. You are responsible for possible home inspection on selected properties.

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