About Buying HUD Homes

HUD sells properties that you might want to buy!

Read below to learn about buying a HUD home...

Then, check out the listings of HUD homes available for purchase at the following link:

http://hud1.towerauction.net/FL.htm. 

If you think you want to buy a HUD home, call us. As authorized HUD sales professionals, we can submit a bid for you.

What is a HUD Home?
A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.

Who can buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.

If you are an evacuee displaced by Hurricane Katrina, Rita, or Wilma, HUD could sell a HUD home at a discount to you! Contact us for more information.

How are HUD Homes sold?
All properties available for purchase by the public are offered for sale at internet listing sites maintained by management companies under contract to HUD. As a broker registered with HUD, we may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker's commission, if included in the contract.

Are there any special programs?
Properties in designated areas are available at a reduced sales price to law enforcement officers, teachers, firefighters, emergency medical technicians, nonprofits and local governments. Contact us for more information on Good Neighbor incentives.

Should I get a home inspection?
We encourage you to get an inspection after your offer is accepted. All HUD Homes are sold AS-IS, without warranty. HUD will not make repairs nor pay to correct any problems.