What is a HUD Property?
A HUD home is a property that has been previously purchased with an FHA loan and has been foreclosed on due to default on the loan.
How do I purchase a HUD Property?
Your HUD registered Modern Realty representative can help you through the process.
- You must be pre-approved to bid on HUD homes
- Bids are taken in a specific time frame. Modern Realty will assist you in making the bid.
- The person with the highest net bid to HUD will have the first opportunity to purchase the home.
- You must be pre-approved before making a bid on a HUD home.
What are the advantages of buying a HUD home?
Low down payments. HUD may assist you with your closing costs. Repair cost on some homes are paid by HUD. Homes are often below market price.
What are the advantages that Modern Realty offers?
Our company provides access to exclusive listings.
To view a sample list of properties in the HUD inventory, please click here