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HUD Homes

  • I am a real estate agent and have a client who wants to make an offer on a HUD home. What do I need to be able to do so?
  • What does it mean if HUD Homestore shows my bid as "Cancelled"?
  • How much earnest money must be submitted?
  • What does the IN, IE, and UI financing codes mean on a HUDHomestore listing?
  • How do I get the utilities on in a property for an inspection?
  • Can a buyer that does not have a social security number bid for a HUD home?
  • Why does my HUD Sales Contract show "TBD" in the Escrow Amount?
  • What form do I use to make an offer?
  • Are cash offers considered more favorably than financed ones?
  • Can the buyer cancel if they find something wrong?
  • Can I take possession before closing in order to start making repairs?
  • Who chooses the Title company?
  • Can a buyer complete an inspection?
  • Where do I find HUD home contact information when the listing is not available at HUDHomestore.com?
  • What happens with Board of Health fines, unpaid taxes, and sewer liens?
  • What closing costs will HUD pay?
  • What does it mean that a property is being sold as-is?
  • What are realistic time frames to complete the transaction?
  • Will HUD return earnest money if defective drywall is found in an inspection?
  • Are all HUD home commissions for the selling agent locked?
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