Housing and Urban Development Homes

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HUD Homes

HUD homes are residential properties acquired by the U.S. Department of Housing and Urban Development (HUD) from foreclosures on Federal Housing Administration (FHA) insured mortgages. HUD becomes the property owner and sells the properties to recover losses on the foreclosure claims.

Almost anyone can buy a HUD home! If you have cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially available only to people who want to buy the home as their primary residence. After the priority period for owner occupants, however, unsold homes become available to investors.

Buy an HUD Home with Sellect Realty

Sellect Realty is a HUD-registered real estate sales broker. If you want to buy a HUD home, let us guide you through the process and take care of submitting all the necessary documents on your behalf. We will be with you every step of the way and it will not cost you a penny!

To search for HUD homes in your area, click on this external link to HUD Homes for Sale in Georgia.

When you find a home you like, contact Sellect Realty to schedule a viewing. And if you decide to buy the home, Sellect Realty will submit the offer and contract to purchase on your behalf.

Home Inspection and Financing

After your offer is accepted, we encourage you to get a home inspection. All HUD Homes are sold AS-IS, without warranty. HUD will not make repairs nor pay to correct any problems.

Although HUD does not offer financing directly, some homes qualify for FHA-insured loans. You should shop around for a lender to find the best loan terms. Find out how an FHA loan can help you.

HUD Information & Website

For more information on HUD homes, read the following PDF document from HUD.
HUD Home-Buying Guide

For complete information, you may go to the U.S. Department of Housing and Urban Development (HUD) Homes & Communities website.