Can I Buy a HUD Home?

After a loan insured by the Federal Housing Administration forecloses, the United States Department of Housing and Urban Development, or HUD, places the home on the market Available. HUD contracts with management companies around the country to market and show the houses. All HUD houses that were available are listed on the Internet for the public to readily view. Only real estate agents can show and sell HUD homes.

Visit with lending institution or a mortgage broker to acquire a mortgage pre-approval. HUD does not provide mortgages. The pre-approval process can help you to determine how much you can afford to spend on a home.

Point your internet browser to the HUD Homes web site. Click Northern California, and a new window will open that will let you enter your search criteria.

Peruse the list of HUD homes that are available. Make note of this property quantity of any home that you are interested in seeing. This number can be found over the home’s photograph.

Click “Click here to find a HUD registered broker in your town.” This connection can be found towards the bottom of the listing. A list of agents with their telephone numbers will be populated. Choose a broker and make note of this telephone number.

Call the broker and request a showing of this home. In the event you opt to purchase the home, the broker will guide you through the process and present your bid to HUD.

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