Buying HUD Foreclosures

What is a HUD Home?

A HUD home is a residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale.

How are HUD Homes sold?

All properties available for purchase by the public are offered for sale by management companies under contract to HUD. Only a "HUD Registered Broker" may submit an offer and contract to purchase on your behalf. Louise Jordan has over 20 years experience as a HUD Registered Broker.

Who can buy a HUD Home?

HUD Homes are initially offered to owner-occupant purchasers who are buying the home as their primary residence. Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.

How about needed repairs? Financing? Will HUD help?

All HUD Homes are sold AS-IS, without warranty. HUD will not make repairs nor pay to correct any problems. Thorough inspections are recommended. HUD does not offer financing directly, some of the homes qualify for FHA-insured loans.