I am with an investor friendly title company here in central FL and I am a HUD approved closing agent so I close lots of these HUD home deals. As a title agent that works with mostly investors I cannot disclose how you can go about purchasing properties through HUD but if you need help with the closing process please let me know. I am sure you will get lots of good information from investors on here about purchasing from HUD.
Ryan Kopczyk, Southeast Professional Title | [email protected] | 407‑539‑0781
@Jamey Newman I am an investor friendly agent with a HUD registered broker here in the Orlando area. If you need someone to explain the process and submit offers I can.
There is a website that you can track HUD listings by county.
If you are making HUD offers from out of the area there are a few extra steps that need to be taken to submit offers and tender a closing. HUD really wants to be local and physically visit the property but there is a workaround.
As @Ryan Kopczyk mentioned you need a HUD registered title company for closing your transactions. The buyer's chosen title agent must be indicated on the purchase contract when signed. He runs a local investor friendly title company and is active on BP.
Let me know if I can be of assistance.
@Jamey Newman I hope your investing in Hud Homes have been successful and you have been able to start, if I am not mistaken ( previous NY Realtor 2012 no longer active) the difference between a regular closing and a Hud Homes is the fact, with a Hud Home you only put 3.5% percent down as opposed with a conventional home where you put down 20% percent of the purchase price.
With Hud Homes it is also a program designed to help those who want to become home owners and can not put down the traditional amount.
There are more details that are involved and I will also explain that the 3.5% down was relevant at the time I was licensed as a Realtor.
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