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How to get a HUD foreclosure home?

April 26, 2017foreclosure Home HUD

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How to get a HUD foreclosure home?

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Locate HUD foreclosure homes listed on your state website. You will have to use a real estate agent to show you the property you looked up online as HUD representatives will not work with home buyers. To buy a HUD foreclosure home, you will have to submit an offer during the offer period; HUD is not going to fund your home, so make sure you have a loan when you submit your bid. Otherwise your earnest money is at stake. Investors are allowed to buy HUD foreclosure homes only if a potential home occupant doesn’t bid.