HUD homes!!!!

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HUD homes are homes that have been foreclosed on, and are owned by the bank or the lender. 

Owner occupied gets first dibs at placing a bid and then it's open to investors. 

The first round of bids may be exclusive to owner occupied for 7-14 days or even longer. If a bid is not obtained in that time, then investors may place a bid. 

These are houses going for what's owed on the property and may have some leeway to negotiate. 

Keep in mind these homes are as is and you're taking full ownership for the property in it's current state. 

For owner occupied, HUD will pay up to 3% but it must be specified on the bid. 

There's also a program called, Good Neighbor Next Door 

"Law enforcement officers, teachers, firefighters and emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return, an eligible buyer must commit to live in the property for 36 months as his/her principal residence."


Applying for a HUD home and being FHA approved, there is also a 203K Rehab loan:

Let me know if you have any questions!


Brielle Camiolo
REALTOR
2676085232
Remax Access 




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