Our office recently became a HUD approved registered broker. HUD (U.S. Housing and Urban Development).
HUD offers 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.
In order to purchase these homes, you will need a broker that is registered by HUD.
Here is a link to some common Q and A’s regarding the process: http://www.hud.gov/offices/hsg/sfh/reo/publicfaq.pdf
If you would like a list of HUD homes, to purchase a HUD home or would like to learn more, please call or email.
Have a great week,
CDPE (Certified Distressed Property Expert)
Realty World Pigati and Russell
Direct: (925) 580-4650
Efax: (866) 404-4934
License No: 01714500