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Buyer Workshop 1/28/12
What is a HUD Home?
A HUD home is a 1-to-4 unit residential property acquired by the Department of Housing and Urban Development (HUD) as a result of a foreclosure action on an Federal Housing Administration (FHA)-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.
Who can buy a HUD Home?
HUD has indentified five (5) buyer types that are eligible to purchase HUD-owned homes.
Who can bid on a HUD Home?
Only registered bidders can make offers on properties.
Do Homebuyer's Need to Use An Agent?
Homebuyers must use a registered selling broker or selling agent to make an offer on their behalf.
Buying a HUD home is a great way to begin your homeownership journey. Contact one of our HUD Buyer Specialists today. We will explain your options and show you all available HUD homes in Riverside and San Bernardino Counties.
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