Yes, you can pay cash for a home. You will need to provide the seller with a copy of your proof of funds, generally a bank statement or statement from another type of account showing that you do have the funds available in your name. You will also need to wire the funds to the title company for the sale provided the total cost is $10,000 or more.
The HUD1 is just one piece of the many documents that the lender will require to help make their decision as to whether to accept the offer or not. The HUD1 will have the breakdown of all the costs that the lender will incur and will show them what their net amount will be. They use that to evaluate the offer.
When I first started listing short sales about 4 years ago we were taught not to have the homeowners sign the purchase agreement until after the lender had given approval of the short sale. The thought was that if the homeowner signed, they could be bound by the contract and forced to sell to the buyer even if a short sale was not approved. So much has changed since then. The lender will not make a decision until they have received all of the documentation which includes the HUD1, financials and supporting documents.
MiamiCondosandHomes is correct. It is always best to contact a local agent to inquire about the property. Most likely the agent that is named below the home information is the listing agent. As a buyer, you need a buyer's agent to represent you as a buyer and look out for your best interests. Listing agents have a first responsibility to the homeowner, although in the state of Indiana we do have dual agency. The home is listed at $67,500. If you are interested in more information I can recommend an agent for you.
There are several sites where you can look online to find homes. HUD, FreddieMac and FannieMae all have websites that list homes for sale. Most banks also list their foreclosed properties on their websites. Agents can also set up a search for you for homes in the area that you are looking at and can be an easy alternative to having to look at all the different websites. I would be happy to assist you with that if you would like to send me your criteria. Good luck in your search!
I would have your agent contact the asset manager to find out the status of your offer. You state that your contract was not filed out correctly. Depending on the nature of the error, HUD may have rejected your offer and accepted another one in it's place. If your agent did receive notification that your offer has been accepted then just to be safe I would start the 45 day count from the date of notification. It will possibly be later than that but no earlier. Good luck on your transaction.
I can assist you if you are looking in the Indy metro area. If not, let me know where you are looking and I can have an agent contact you.
A search of the local tax records can tell you who owns the home. Depending on where you live you may be able to search them online, try a search for the county government website. Most of the counties in Indiana do have that information available, if not, it may require a trip to the county courthouse.