Start your HUD Home buying process by finding a participating real estate agent/broker. Your real estate agent must submit your bid for you. To locate HUD-registered Selling Brokers in your area, visit the HUD Homestore website: http://www.HUDHomestore.com and click on the subheading “Broker Search” in the gray tool bar.
For additional information on how to search for HUD Homes (including saving searches and email alerts) go to the HUD Homestore website and click “Help” on the gray bar in the top right corner of the page. On this page you will find short videos, guides and additional FAQs.
The time frame for which bids are opened and reviewed depends on the property Listing Period. If no acceptable bids are received, you can submit a bid until the home is sold. Bids can be submitted any day of the week, including weekends and holidays. Bids will be opened the next business day after the bid is “delivered” as defined by HUD. If your bid is acceptable to HUD, your real estate agent will be notified, usually within 48 hours. You will be given a settlement date, normally within 30-60 days, by which you need to arrange financing and close the sale.
In addition, HUD Homes are sold by private companies or Marketing and Management Contractors called Asset Managers (AM). Access the HUD Homestore website to locate the AM for your area. All bidding and closing information will be processed by the AM listed for the specific property.
You may also wish to contact a HUD-approved housing counseling agency in your area for pre-purchase counseling. These agencies can provide unbiased counseling on your particular situation.
- Access to an on-line list of HUD-approved housing counseling agencies: https://apps.hud.gov/offices/hsg/sfh/hcc/hcs.cfm; or through the Consumer Financial Protection Bureau (CFPB): https://www.consumerfinance.gov/find-a-housing-counselor/
- A list of HUD-approved Housing Counseling Agencies and their contact information can be obtained by calling HUD's interactive voice system at 1-800-569-4287.
- Additional housing counseling information: https://www.hud.gov/i_want_to/talk_to_a_housing_counselor
More information on buying a home is available on HUD’s website: https://www.hud.gov/topics/buying_a_home
HQ Policy Determination