HUD Homes

HUD Homes

  Want to find a HUD Home for sale? 
Click here to view properties in Maricopa County.

 
If you are considering purchasing a HUD (Housing and Urban Development) Home, it is essential that you educate yourself with the process. There are specific rules and guidelines that apply only to HUD Homes. These differences vary greatly between a traditional home purchase and that of a HUD Home.

What is a 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.

Who can buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan you may buy a HUD Home (*subject to certain restrictions). New listings coming onto the market may appear to HUD site Monday thru Saturday by 1:00 am. HUD Homes are initially offered to owner-occupant purchasers and following a priority period, unsold properties are available to all buyers, including investors.

How do I make an offer on a HUD home?
All offers made on HUD Homes must be submitted through HUD’s official Home Store website. Properties are listed by availability for owner-occupant, nonprofit or government agency’s for the first 30 days a HUD Home is on the market. Contact our office if you are interested in submitting a bid on an available HUD Home.

Available Incentive Programs:
HUD is very active in providing community awareness programs like the Good Neighbor Next Door Sales Program. Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program.
HUD also participates in local home auctions. If you are interested in learning more about purchasing a HUD Home through an auction, please call our office today. To learn more about the Good Neighbor Next Door Sales Program and other city grant, bond or loan options, including available NSP programs, please contact our office or a HUD approved lender. 

HUD has a streamlined paperwork process for winning bids which is unlike that of a traditional home purchase. There are many differences that you need to be aware of before making an offer on a HUD Home.
Here you can learn more about the HUD Home buying process.

Contact Information

Photo of Nate Martinez Real Estate
Nate Martinez
RE/MAX Professionals
20241 North 67th Avenue, Suite A1
Glendale AZ 85308
623-643-1010
602-430-5226
Fax: 602-532-7352

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