How do I initiate the buying process for a HUD property? How much money is needed?
Bids for HUD owned properties must be submitted through a real estate agent. Your bid will be submitted either over the phone or through HUD’s Web site. We follow the rules and process for our clients by giving them the best advice and chance in getting the property they want to purchase. If our bid is accepted then you will have 48 hours to sign a contract. We’ll prepare all the necessary paperwork and submit the documents on your behalf. The required deposit for a HUD property can be as low as $500. The whole process can usually be settled within 4-8 weeks.
