HUD Homes


What is a HUD Home?


- It's an FHA insured mortgage that has gone into default


- Lender acquires property, submits FHA insurance claim, then conveys ownership to HUD


- HUD will then sell their home through their Asset Manager (AM), BLB Resources


- A HUD Home can be Single Family Residence (SFR), Townhome, Condominium or other type of residence up to 4 units



Who can buy a HUD Home?


- Individuals and investors, HUD-approved non-profit organizations and government entities


- Buyers who can secure a loan or pay cash to secure real estate HUD_Logo


- Pre-qualification letter from lender or proof of cash funds is required


Priority is given to owner occupants