Buying A House Through Hud Online

: Unlike a traditional sale, there was no haggling. Maya’s agent submitted a sealed electronic bid . A computer selected her offer because it provided the highest net profit to HUD.

Maya, a first-time homebuyer, was tired of being outbid by cash investors in a competitive market. Her real estate agent suggested looking at , noting that for the first 30 days of a new listing, HUD gives priority to owner-occupants over investors. buying a house through hud

The journey to buying a house through the is often a mix of strategic bidding and "as-is" discoveries. HUD homes are residential properties acquired by the government after a previous owner defaults on an FHA-insured mortgage . The Story of the "Diamond in the Rough" : Unlike a traditional sale, there was no haggling