HUD Home Store

HUD (Housing and Urban Development) Home Store is the listing site for HUD real estate owned (REO) single family properties.  Registered Real Estate Brokers and other organizations can place bids on behalf of their client to purchase a HUD property.

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.

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.

GOOD NEIGHBOR NEXT DOOR –This program is designed to encourage renewal of revitalization areas by providing an opportunity for law enforcement officers, firefighters, emergency medical technicians and teachers to purchase homes in these communities.  HUD provides a substantial incentive in the form of a 50% discount on the list price of eligible properties.  Bids for properties must be submitted by a HUD registered real estate broker.

For more information on purchasing a HUD home, please visit www.hudhomestore.com or www.sageacq.com.