HUD (Housing & Urban Development)  These homes are homes that have been foreclosed, they are typically empty.  HUD homes in most cases will need some type of repair.  You can view the home and even have an inspection before you put in a bid. 

The bid process does not mean you will get the home.  HUD homes are usually priced below market for a reason...one of which is condition.  The second is based on the number of homes on the market right now.  Michigan leads the nation in Foreclosed properties.

The selection of homes is in all shapes and sizes.  One of the keys to getting your bid accepted is using an experienced agent. 


Not all agents can sell HUD properties.  Agents have to be registered with HUD to be able to assist you in your bid and purchase.  FlexIt Realty is a HUD Authorized Broker.

One of the things you can count on is your purchase process is going to take time.  Usually less time for a HUD purchase than a Foreclosure where the lender has to review the values of the home and decide what they are willing to take. 

HUD Sets the prices of the homes on the available list.  The list needs to be checked daily because homes are being added and removed from the list daily.

If you do not get the home you wanted another may be better!  The key is to act and bid like you want the home.  Remember bidding low for the sake of bidding low may let you miss the home you really wanted.