Can an individual purchase a HUD Home for a dollar?

The Dollar Homes – Government Sales Program is a direct sales program through which eligible Governmental Entities may purchase certain HUD Real Estate Owned (REO) Properties for one dollar.

The program is designed to create housing for families in need and stimulate neighborhood revitalization.

An individual may not purchase a home under this program.
 
To search for HUD REO Properties listed for sale, please visit the HUD HomeStore website at https://www.hudhomestore.com/
 
For policy information see Handbook 4000.1 Section IV.B.2.f.viii. at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-02551