How does buying a HUD home work?

A HUD home is a one to four unit home (or condo) that was financed
with an FHA insured mortgage. When an owner fails to make the monthly
mortgage payments, the mortgage lender forecloses on the homeowner.
After the bank takes back the home, the bank will seek reimbursement
from Federal Housing Administration (FHA) on the loss. In other words,
HUD/FHA will buy out the bank and take ownership of the house. FHA is a
division of the Department of Housing and Urban Development, also known
as “HUD”. After HUD takes ownership of the home, the FHA will attempt to
sell the property through an online auction. FHA foreclosed homes are
commonly called “FHA HUD homes”.

Here are the steps to buy a HUD home at the HUD home store:

Step #1 – Get pre-approved!

When you make an offer to HUD for a FHA foreclosure, you
are required to

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Montgomery, AL HUD Housing and Foreclosure Homes

10-30-2020

Active

 

3 br

2 ba

1910 sqft

Single-Family

Foreclosure

$39,900

View Details

10-25-2020

Active

 

4 br

2 ba

2225 sqft

Single-Family

Foreclosure

$116,000

View Details

10-21-2020

Active

 

3 br

1 ba

1284 sqft

Single-Family

Foreclosure

$23,000

View Details

10-15-2020

Active

 

3 br

2 ba

Single-Family

Foreclosure

$87,900

View Details

09-29-2020

Active

 

4 br

2 ba

1856 sqft

Single-Family

Foreclosure

$89,000

View Details

09-27-2020

Active

 

3 br

1 ba

991 sqft

 

Foreclosure

$29,000

View Details

07-25-2020

Active

 

6 br

6 ba

6333 sqft

Single-Family

Foreclosure

$129,900

View Details

07-09-2020

Active

 

1587 sqft

Single-Family

Foreclosure

$29,900

View Details

07-09-2020

Active

 

 

Foreclosure

$17,900

View Details

06-12-2020

Active

 

3 br

2 ba

2715 sqft

Single-Family

Foreclosure

$94,900

View Details

05-21-2020

Active

 

3 br

1377 sqft

Single-Family

Foreclosure

$26,900

View Details

04-15-2020

Active

 

3 br

2 ba

2691 sqft

Single-Family

Foreclosure

$269,900

View Details

04-09-2020

Active

 

4 br

2 ba

2025 sqft

Single-Family

Foreclosure

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Jacksonville, FL HUD Housing and Foreclosure Homes

10-11-2020

Active

 

3 br

2 ba

1979 sqft

Single-Family

Foreclosure

$203,000

View Details

10-09-2020

Active

 

4 br

3 ba

2710 sqft

Single-Family

Foreclosure

View Details

10-09-2020

Active

 

3 br

3 ba

2198 sqft

Condo

Foreclosure

View Details

10-09-2020

Active

 

2 br

2 ba

1560 sqft

Condo

Foreclosure

View Details

10-08-2020

Active

 

2 br

2 ba

992 sqft

Condo

Foreclosure

$84,900

View Details

10-06-2020

Active

 

3 br

2 ba

1375 sqft

Single-Family

Foreclosure

View Details

10-03-2020

Active

 

3 br

1 ba

1321 sqft

Single-Family

Foreclosure

$53,900

View Details

09-11-2020

Active

 

2 br

1 ba

800 sqft

Single-Family

Foreclosure

$29,900

View Details

08-27-2020

Active

 

3 br

1 ba

836 sqft

Single-Family

Foreclosure

$34,900

View Details

08-07-2020

Active

 

3 br

1 ba

1140 sqft

Single-Family

Foreclosure

$37,900

View Details

07-23-2020

Active

 

 

Foreclosure

$39,000

View Details

07-09-2020

Active

 

3 br

2 ba

1840 sqft

Single-Family

Foreclosure

View Details

06-06-2020

Active

 

4 br

4 ba

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