How can I buy a HUD owned house?

Question

I was driving into town this weekend to look at a property for sale and I saw another house with an over grown yard, and a paper taped to the door. I talked to my partner,@Michael Beeman and we went to investigate. The paper was a notice that the house was winterized and it looked empty. The siding looks 5 years old and the foundation looks in good shape. It needs a new roof and the porch replanked. We decided to get aggressive on the property, but this morning we found out it is owned by HUD.

While I did do some contract work for the Carson campaign in 2015, I don't exactly have his cell number to call him up and make an offer. Does anyone have any experience buying from HUD? If we buy from HUD does it have to be Section 8 or can we take full control?

Thank you for your help!

Account Closed · Answer

https://www.hud.gov/program_offices/housing/sfh/re...

You need a realtor that can submit the offer once it goes on the market

John Hagen · Answer

@Derek Dombeck How do you go about starting the process? who do we need to call?

Derek Dombeck · Answer

John,

If you buy a house from HUD, you can do whatever you want with it. The challenge is getting a HUD house at a purchase price that makes sense. I haven't gotten 1 in the last 2 years because owner occupants have the first opportunity to bid on them in the auctions. They typically will pay more than  I'm willing to pay.

Happy Investing

Derek Dombeck