How To Buy A Hud Foreclosed Home Site

Buying a HUD home—a property acquired by the government after a foreclosure on an FHA-insured mortgage—is a unique process that differs from traditional real estate. These homes are often sold at a , but they are sold strictly "as-is," meaning HUD will not make any repairs. 1. Get Financial Pre-Approval

You submit a bid on your own; you must work with a real estate agent who has an active NAID (Name and Address Identification) number . how to buy a hud foreclosed home

Before searching, you must secure a from a lender to prove you have the funds. Buying a HUD home—a property acquired by the