What Is A HUD Home? 

• An FHA insured mortgage that has gone into default
• Lender acquires property, submits FHA insurance claim, then conveys ownership to HUD
• HUD will then sell the home through their Asset Manager (AM), BLB Resources
• A HUD Home can be a Single Family Residence (SFR), Townhome, Condominium or another type of residence up to 4 units

Who Can Purchase A HUD Home? 

• Individuals and investors, HUD-approved non-profit organizations or government entities
• Buyers who can secure a loan or pay cash to secure real estate
• Pre-approval letter from lender or proof of cash funds is required
• Priority is given to owner occupants

Benefits Of Buying A HUD Home

FHA Buyers:

• No appraisal needed
• Any active termite infestations will be cleared by HUD
• If necessary- Mold inspection is paid for & Cleared up to $5000

Visit The HUD Homestore To View:

• Available Homes
• HUD News
• NAID Application
• Bid results & HUD Faq’s

Please visit The Hitt Home Team for more information or contact a Real Estate Agent of your choice. Please call (818)422-1702 today for your Free HUD Photo List, Pictures, Prices & Particulars.

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