How to Buy a HUD Home

What is a HUD home? A HUD home is acquired by the US Department of Housing and Urban Development as a result of a foreclosure action on the FHA-insured mortgage (or government insured loan). HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. They are similar to bank owned properties except that bank owned properties deal with sellers that have a conventional loan (or bank insured loan). If you can qualify for a loan or you are able to pay cash, you can buy a HUD home!

Interested in an investment property or just taking advantage of buying a HUD property? Now is the time! There are many HUD properties in and around Columbus currently for sale. These include single family homes, multi-family homes and condominiums. The Columbus Realty Team is experienced in working with HUD homes. Make sure you use one of our experienced agents.

All properties available for purchase by the public are offered for sale on the HUD internet site maintained by management companies under contract to HUD. Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. You must have a HUD Registered Agent to submit a HUD bid online.

Properties in designated areas are available at a reduced sales price to law enforcement officers, teachers, firefighters, emergency medical technicians, nonprofits and local governments. Please let us know if you qualify for this discount.

New HUD listings are updated every Friday. The bid deadline dates are listed under each property. When HUD homes are first posted they are available to owner occupants, then bidding becomes open to investors if they do not sell during the initial owner occupant time frame.
Please keep in mind all HUD homes are sold AS-IS and without warranty. HUD will not make repairs or pay to correct any problems. Therefore, inspections are recommended.

For a complete list of HUD homes in your area click here.