Buying a HUD home

Learn the buying process for your 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.

Anyone who has the required cash or can qualify for a loan (subject to certain restrictions) 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.

We are pleased to announce that World Class Realty & Associates, Realtors was awarded as the HUD representative for Asset Management Services by the U.S Department of Housing and Urban Development, otherwise known as HUD 3.7.  Only a select number of minority groups are authorized to be a HUD representative!