HUD HOMES 101

Hud homes are homes that have been acquired by the U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. These home can range from a wide variety of improvement needs. Some may be in a great state of repair, while others need just a lttle tlc. These properties are single family residences such as condos or homes. Many investors by these homes cheap repair them and resale them at a higher price. Buyers are able to qualify for a home that is usually below the normal market value making the buyers purchase power greater. In other words a typical buyer purchasing a hud  home can more than likely qualify for a bigger house at a cheaper price than a lot of the homes currently on the market.  Teachers and police officers have an opportunity to buy hud homes usually around 50% off of the sale price.


Hud homes are very popular buys because of this most buyers that want to purchase a hud home go through a bidding process where you are competing with other interested parties. The best and highest offer for the seller is usually the winner.


*A buyer beware for those interested in HUD Homes is that these homes are sold AS-IS. What this means to you is what you see or don't see is what you get. So if you have never been through the process of buying a HUD home you definitely should seek the advice and aid of a licensed Realtor.


To purchase a HUD  home you must show proof that your able to buy. The seller will normally require a lenders letter stating you are able to qualify for a loan. Or you can buy the property in cash. The seller may request for you send a copy of your bank statements,  a letter signed by your banker, or deposit slips to prove you are able to purchase the property in cash.


You can find HUD homes for sale through your Real Estate Agent or on the Multiple Listing Service.
If you have questions or comments about HUD Homes or how you can purchase one feel free to contact me on my blog or my email address at
morrishiadooley@gmail.com