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7830 Veterans Parkway, Building C
Columbus, GA 31909
Office: 706-576-2400
Cell: 762-207-8778
Email: info@HudSoldHere.com

Everything You Ever Wanted To Know About The HUD Sales Process
Who Can Buy a HUD Home?
So, who gets to purchase all these great homes that are on the market?  

ANYONE!!!!

Buyers fall into three categories:
1:  Owner-Occupants
2:  Investors
3:  Government Agencies and HUD-Approved Non-Profit Organizations.

For this blog, we're going to concentrate on the requirements  for Owner-Occupant and Investor buyers.

Owner-Occupant buyers are given priority during certain bidding cycles.  What this means is - owner-occupant buyers will have a few days to view the home and make their bids before the investors get a chance.

Anyone who is putting in a bid as an owner-occupant must intend to occupy the house for at least one year.  In addition, they cannot participate in any HUD sales for two years after the purchase.

Investors cannot bid until the Owner-Occupant period is over.  There are no restrictions as to quantity as far as Investor purchasers are concerned.  Owner-Occupants may still bid during the Investor period, but keep in mind that Investors MAY NOT bid during the Owner-Occupant period. 

Posted By - Terri Kilpatrick - 01/18/2011
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Comments:
I lost my home in July 2010. I am renting. Was wonderingif there is any kind of program that can help. I filed for bankruptcy and it was discharged in august 2010. My cell # is 623-330-9982. Thank you
Posted By - connieturnbough - 01/21/2011
I am the mother of 5 children and we are homeless and we need a place to stay. How do I apply for a HUD home??????
Posted By - Heather Carter - 03/20/2011
I am going to lose my home,wondering if I could qualify for a hud home. I had to file a chapter 12,but is now discharged. If there is any programs to help me.
Posted By - Gail - 06/28/2011


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