California HUD Homes

A HUD Home is a single family home that is backed by the FHA and has gone into foreclosure. Once a home backed by the FHA goes into foreclosure, it is deeded back to HUD by the lending mortgage company. These HUD homes are offered for sale to buyers to recover the costs of the foreclosure claim. Anyone who qualifies can buy a HUD Home, however, HUD Homes are offered to home buyers first and then later to real estate investors.

HUD Homes are available for purchase on the web sites of the HUD-contracted management companies. Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker's commission, if included in the contract.

HUD has many special programs that provide the foreclosed HUD Homes to special groups at a discount. HUD special programs include:

Good Neighbor Next Door
Government
Non Profits
Hurricane Evacuees
Police Officers
Teachers
Firefighters
Emergency Medical Technicians

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California Investment Property

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