Daybreak Living

hud homes for saleI’m sure at some point in your life you’ve heard someone say “if you want to make money you’ve got to buy low and sell high.” Of course this is usually easier said than done. Please note that even though GNND participants are required to utilize a real estate agent to submit their bids, HUD will not pay the selling agent commission; however, if FHA financing is used, the purchaser may add closing costs and commissions to their loan.

In the case of HUD homes, the property owner is a person who obtained an FHA mortgage to purchase or refinance the property as a principal residence. This consideration will be offered for the first 30 days of the listing of a property. Step 2. Finding a house – HUD offers a weekly list of available homes for sale.

The lender may decide that there is sufficient equity in the house …