HUD Homes

Government Owned

What is a HUD Home

What is a HUD Home?

A HUD home is a property that has been

lost by a previous owner in foreclosure

or a property that an owner has given back

to the lender with a deed in lieu of

foreclosure. HUD homes large inventory is

offered to home buyers, non-profits and

investors. A HUD home buyer does not have

to be a first-time homebuyer or low income.

To HUD Homes

Financing

•Conventional

•Cash

•FHA 203(k)

•IN (Insured) - FHA 203(b)

•IN With Conditions – FHA 203(b)

•IN With Escrow – FHA 203(b)

Who Can Buy A HUD Home

• Buyers do not have to be first-time

homebuyers to buy HUD homes.

• Buyers do not have to fall into low-income

categories

• Pre-Qualified by a lender

• Sufficient Cash

HUD Buyer’s

HUDHomeStore.com

Daily Listings

HUD Homes Expand Homeownership

and Revitalize Neighborhoods

Owner Occupants

•Given priority in bidding during certain cycles of listing process.

•Must occupy house as primary residence for one year.

•Cannot participate in HUD sales for two years after purchase.

Good Neighbor Next Door

•Police officers, firefighters, emergency medical technicians, and teachers

•50% discount on list price

•Eligible properties located in designated Revitalization Areas

•Must occupy house as sole residence for three years

Investors

•Cannot bid until Day 31 in initial sales cycle.

•No restriction on quantity.

Government Agencies and Nonprofit Agencies

•NAID number (Name Address Identifier)

•Access to "First Look" program.

Bob Elliot – Realtor®25 Years Local Industry Experience

612 578 6162

bob@minnesotarealestatetoday.com

www.MinnesotaRealEstateToday.com

RES Realty

Burnsville, MN 55337