The Investors Guide To Purchasing HUD Homes

Department of Housing and Urban Development (HUD) residential foreclosures are available throughout the United States. You should inspect a HUD foreclosure, for information purposes only, before making an offer. In other more expensive areas, you are likely to find far fewer available homes. HUD homes must be purchased through HUD approved brokers which Horizon Realty has been for many years. The bid that meets the acceptable threshold and has the highest net to HUD receives a provisional bid acceptance subject to receipt of all required documents.

An owner occupant purchaser is a person who plans to live in the property as their primary residence for at least 1 year, and has not purchased another HUD Home as an owner occupant within the past 2 years. Owner occupants are persons who will affirm in writing that they have not purchased a HUD owned property in the last two years and they …