Hud Owned Homes
There are so many foreclosed properties on the market, how can you know which one is right for you? An experienced agent also will be able to determine the lowest bid that HUD will take for the property. All HUD homes for sale are sold in “AS-IS” condition and HUD means AS-IS. In the mid-West, for example, there are many homes to choose from because of the price range (FHA only insures mortgages of a certain dollar amount) and number of foreclosures.
3. Property condition reports provided by HUD Marketing & Management contractors are helpful in previewing homes online, but should not be used as a substitute for an independent home inspection. Yes you do have to have a realtor who is registered with HUD to bid on the home.
HUD gives a priority to owner-occupant buyers, however there are many HUD homes that are available for investor buyers as …