Profile picture for jessloomis

What does it mean when it says "HUD home"?

  • February 03 2011 - Concord
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Answers (6)

Profile picture for user2243462
Thank you all for the very useful information
  • October 31
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Its a home for sale by the government agency HUD.  If you would like a list of HUD homes, as a HUD certified selling agent, I would be happy to provide a list or you can go to their website.  Feel free to call or email me if I can be of further assistance :)
  • February 04 2011
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JessLoomis,

It should also be noted that when you interview your buyers agent, it is best to ask if they or their Broker are registered with HUD to sell HUD homes. You can visit; WWW.HUD.GOV for Hud store registered agents, and more info on the process. Anymore questions please ask. Best of luck!
  • February 04 2011
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Profile picture for Connie Klemme

As the others said, HUD homes are foreclosed homes offered by the gov't, they previously had an FHA loan on them.  If you are interested in buying one you'll need to make sure the Real Estate Agent that you choose is certified to sell HUD homes.  A few things to know, just like regular foreclosures they are "as is" and very picky about paperwork. You can get some great deals, they have sometimes already done inspections and can provide you with reports, which shouldn't replace having your own.  I'd reccommend getting an agent to help you with a HUD purchase.  It doesn't matter if they have done one before or not as long as they have a supportive broker that will help them help you through the possible obstacles.  Sometimes HUD purchases are easy and sometimes a little bit of a headache- let the Real Estate Agent experience the headache for you.

  • February 03 2011
  • 3Yes

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Profile picture for Dunes....
jessloomis...

You can go here..HUD Site

Tons of information, you can Check out their Properties For Sale and more....Give it a look

  • February 03 2011
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A HUD home is a home that has been acquired in foreclosure and is now for sale.

HUD stands for Housing and Urban Development, which is a government agency.

The advantage of buying a HUD home is they give preference to homebuyers who plan on living in the home (as opposed to renting it out). There can also be excellent loan programs and fix up programs with HUD homes.

To see a list of HUD homes in your area, go to HUD.gov or see a local real estate agent.
  • February 03 2011
  • 3Yes

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