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 9/30/2014)

  1. 3 beds, 2 full baths
    Home size: 1,232 sq ft
    Lot size: 10,018 sqft
    Year built: 1998
    Parking spots: 1
    Listed with Carl Hill and Associates Real Estate
    Broker reciprocity icon
  2. 2 beds, 2 full, 1 part baths
    Home size: 1,184 sq ft
    Lot size: 10,890 sqft
    Year built: 1986
    Listed with REALHome Services and Solutions, Inc.
    Broker reciprocity icon
  3. 4 beds, 2 full baths
    Home size: 1,169 sq ft
    Lot size: 10,018 sqft
    Year built: 1930
    Listed with RE/MAX Elite
    Broker reciprocity icon
  4. 3 beds, 1 full bath
    Home size: 1,322 sq ft
    Lot size: 14,810 sqft
    Year built: 1958
    Listed with REALHome Services and Solutions, Inc.
    Broker reciprocity icon
  5. 3 beds, 2 full, 1 part baths
    Home size: 2,206 sq ft
    Lot size: 6,534 sqft
    Year built: 2002
    Parking spots: 2
    Listed with Exit Realty King & Associates
    Broker reciprocity icon
  6. 3 beds, 2 full baths
    Home size: 2,179 sq ft
    Lot size: 2,178 sqft
    Year built: 2007
    Parking spots: 2
    Listed with Zeitlin & Co., Realtors
    Broker reciprocity icon
  7. 4 beds, 1 full, 1 part baths
    Home size: 1,875 sq ft
    Lot size: 26,571 sqft
    Year built: 1962
    Parking spots: 2
    Listed with Zeitlin & Co., Realtors
    Broker reciprocity icon
  8. 2 beds, 1 full bath
    Home size: 787 sq ft
    Lot size: 12,632 sqft
    Year built: 1940
    Parking spots: 1
    Listed with Village Real Estate Services
    Broker reciprocity icon
  9. 4 beds, 2 full, 1 part baths
    Home size: 3,106 sq ft
    Lot size: 9,147 sqft
    Year built: 2004
    Parking spots: 2
    Listed with Coldwell Banker Lakeside Inc.
    Broker reciprocity icon
  10. 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
  11. 4 beds, 3 full baths
    Home size: 2,372 sq ft
    Lot size: 9,583 sqft
    Year built: 2005
    Parking spots: 2
    Listed with Crown Realty Homes
    Broker reciprocity icon
  12. 3 beds, 2 full baths
    Home size: 1,830 sq ft
    Lot size: 12,632 sqft
    Year built: 1973
    Parking spots: 1
    Listed with Bob Parks Realty, LLC
    Broker reciprocity icon
  13. 3 beds, 2 full baths
    Home size: 1,560 sq ft
    Lot size: 21,780 sqft
    Year built: 2009
    Listed with Inspired Homes
    Broker reciprocity icon
  14. 4 beds, 2 full baths
    Home size: 2,396 sq ft
    Lot size: 7,840 sqft
    Year built: 2005
    Parking spots: 2
    Listed with Kingdom Realty,LLC
    Broker reciprocity icon
  15. 3 beds, 2 full baths
    Home size: 1,382 sq ft
    Year built: 1987
    Listed with Village Real Estate Services
    Broker reciprocity icon
  16. 2 beds, 1 full bath
    Home size: 936 sq ft
    Lot size: 6,098 sqft
    Year built: 1899
    Listed with Crye-Leike, Realtors
    Broker reciprocity icon
  17. 3 beds, 2 full, 1 part baths
    Home size: 1,659 sq ft
    Year built: 2007
    Parking spots: 1
    Listed with John Jones Real Estate LLC
    Broker reciprocity icon
  18. 3 beds, 2 full baths
    Home size: 1,083 sq ft
    Lot size: 10,018 sqft
    Year built: 1987
    Listed with Crye-Leike, Realtors
    Broker reciprocity icon
  19. 3 beds, 2 full, 1 part baths
    Home size: 2,005 sq ft
    Lot size: 1.03 ac
    Year built: 1996
    Parking spots: 2
    Listed with Parks
    Broker reciprocity icon
  20. 3 beds, 2 full baths
    Home size: 1,631 sq ft
    Lot size: 12,196 sqft
    Year built: 2000
    Parking spots: 2
    Listed with Key Concepts Real Estate
    Broker reciprocity icon

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

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