Buying A HUD Home
HUD owned homes in Indianapolis offer buyers an opportunity to buy a home at discounted prices. The HUD $100 Down Payment Program is a great way to purchase a home if you do not have a lot of money for a down payment. At the beginning of the 6th day, an uninsured HUD home will be available for investors to bid on, even though HUD may be accepting an owner occupant bid later in the day.
There are no representations or warranties, expressed or implied, on any HUD property. Learn more about HUD homes from the source at and about Buying HUD Homes or contact me- I welcome all questions. HUDHomeStore -search HUD Homes for sale nationwide by city, county, price and more.
Homes in California and the rest of the Southwest simply don’t make it ithrough the foreclosure process; they’re snapped up in the early stages of delinquency. For Investor bidders, you can loose your earnest money if you decide to back out of a HUD purchase for ANY reason, including any problems that come up as a result of inspections.
To learn more about HUD homes, the HUD website is a great source of information. Since the new owner will be responsible for making any needed repairs, HUD strongly urges every potential homebuyer to get a professional inspection. HUD Homes are initially offered to people who are buying the home as their primary residence.
If foreclosures are not sold within six months, HUD may sell them for $1 each to approved nonprofit organizations and government agencies. HUD provides a Property Condition Report but that is only their inspector’s opinion and is only based on that moment in time.