How to Buy a HUD House, What do I Need to do to Buy a HUD House?
By Debbie Laity, Your Real Estate Resource for Delta County
(CinaJones Real Estate)
How to Buy a HUD House, What do I Need to do to Buy a HUD House? I get asked this question a lot. The public perceives HUD as selling property at reduced prices and people want to take advantage of this. The HUD buying process is a bit different than buying a fair market listed property or any other bank owned property, and there are additional expenses most buyers aren't aware of. Q: How do I get started in buying a HUD House? A: The first thing you need to do is talk with a lender if you aren't paying cash. You will need to get a pre qualification letter from your lender. The second thing you need to do is find an agent that is registered to bid on a HUD House for you. An agent that is qualified to this will have an NAID number. HUD will require the agent to provide this number before...
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