8 Tips For Purchasing a HUD Home

8 Tips For Purchasing a HUD Home


What is a HUD Home?

A HUD home is one owned by the US Department of Housing and Urban Development (HUD). If a foreclosed home was initially purchased with a loan from the Federal Housing Administration (FHA), the lender files a claim for the balance due on the mortgage. FHA then pays the claim and transfers ownership to HUD who becomes the home owner and seller.

What You Should Know

  1. To purchase, you must use a HUD-registered real estate broker (hint: I am one)
  2. You must have a written pre-approval letter from a reputable mortgage provider
  3. Owner-occupying bidders receive first priority
  4. HUD offers three types of properties: FHA insurable homes, FHA insurable homes with a repair escrow, and homes that are not insurable with an FHA loan.
  5. You do NOT have to use and FHA loan as a purchaser.
  6. HUD homes are sold AS-IS.
  7. Before making a bid you must provide your HUD-registered real estate broker with the appropriate earnest money in the form of a cashier’s check.
  8. Your earnest money check should be made payable to the escrow account of your HUD-registered broker.


Recent Foreclosure and HUD homes in Nashville

See all Foreclosure Listings.
(all data current as of 11/27/2014)

  1. 2 beds, 1 full bath
    Home size: 1,413 sq ft
    Lot size: 9,583 sqft
    Year built: 1947
    Listed with Crye-Leike, Realtors
    Broker reciprocity icon
  2. 3 beds, 2 full baths
    Home size: 1,275 sq ft
    Lot size: 16,552 sqft
    Year built: 2002
    Parking spots: 2
    Listed with Exit Realty King & Associates
    Broker reciprocity icon
  3. 3 beds, 2 full baths
    Home size: 1,456 sq ft
    Lot size: 11,325 sqft
    Year built: 2000
    Parking spots: 1
    Listed with Reliant Realty, LLC
    Broker reciprocity icon
  4. 4 beds, 3 full baths
    Home size: 2,408 sq ft
    Lot size: 13,068 sqft
    Year built: 1991
    Parking spots: 2
    Listed with John Jones Real Estate LLC
    Broker reciprocity icon
  5. 3 beds, 2 full baths
    Home size: 1,292 sq ft
    Lot size: 7,840 sqft
    Year built: 1996
    Listed with Zeitlin & Co., Realtors
    Broker reciprocity icon
  6. 3 beds, 2 full baths
    Home size: 3,070 sq ft
    Lot size: 40,946 sqft
    Year built: 1983
    Parking spots: 2
    Listed with Crye-Leike, Realtors
    Broker reciprocity icon
  7. 2 beds, 2 full, 1 part baths
    Home size: 1,564 sq ft
    Year built: 1987
    Parking spots: 1
    Listed with Zeitlin & Co., Realtors
    Broker reciprocity icon
  8. 3 beds, 2 full baths
    Home size: 1,170 sq ft
    Lot size: 4,791 sqft
    Year built: 2006
    Listed with Crye-Leike, Realtors
    Broker reciprocity icon
  9. 3 beds, 2 full, 1 part baths
    Home size: 2,357 sq ft
    Lot size: 8,712 sqft
    Year built: 2006
    Parking spots: 2
    Listed with RE/MAX Elite
    Broker reciprocity icon
  10. 4 beds, 2 full, 1 part baths
    Home size: 2,788 sq ft
    Lot size: 20,908 sqft
    Year built: 1993
    Parking spots: 2
    Listed with The Realty Association
    Broker reciprocity icon
  11. 2 beds, 1 full bath
    Home size: 1,118 sq ft
    Lot size: 20,037 sqft
    Year built: 1981
    Parking spots: 2
    Listed with Carl Hill and Associates Real Estate
    Broker reciprocity icon
  12. 3 beds, 2 full baths
    Home size: 1,306 sq ft
    Lot size: 13,939 sqft
    Year built: 1984
    Listed with Key Concepts Real Estate
    Broker reciprocity icon
  13. 3 beds, 2 full, 1 part baths
    Home size: 4,118 sq ft
    Lot size: 36,154 sqft
    Year built: 1996
    Parking spots: 4
    Listed with Century 21 Jones Realty & Auction
    Broker reciprocity icon
  14. 3 beds, 3 full baths
    Home size: 2,934 sq ft
    Lot size: 1.20 ac
    Year built: 1978
    Parking spots: 2
    Listed with Carl Hill and Associates Real Estate
    Broker reciprocity icon
  15. 3 beds, 3 full baths
    Home size: 2,326 sq ft
    Lot size: 1.24 ac
    Year built: 2000
    Listed with RE/MAX Elite
    Broker reciprocity icon
  16. 4 beds, 2 full, 1 part baths
    Home size: 2,224 sq ft
    Lot size: 6,534 sqft
    Year built: 1997
    Listed with RE/MAX Elite
    Broker reciprocity icon
  17. 3 beds, 2 full baths
    Home size: 1,710 sq ft
    Lot size: 2.10 ac
    Year built: 1996
    Listed with Village Real Estate Services
    Broker reciprocity icon
  18. 3 beds, 1 full, 1 part baths
    Home size: 1,283 sq ft
    Lot size: 12,196 sqft
    Year built: 1965
    Listed with Coldwell Banker Barnes
    Broker reciprocity icon
  19. 3 beds, 1 full bath
    Home size: 1,950 sq ft
    Lot size: 15,246 sqft
    Year built: 1968
    Parking spots: 2
    Listed with Crye-Leike, Realtors
    Broker reciprocity icon
  20. 2 beds, 2 full baths
    Home size: 2,520 sq ft
    Lot size: 43,560 sqft
    Year built: 1985
    Parking spots: 2
    Listed with RE/MAX Elite
    Broker reciprocity icon

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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