Purchasing HUD property using Hard Money

[Lamont B.]

Greeting BP,

I was told that there is no such thing as a dumb question; with that being said - Can you purchase a HUD home (hudhomestore,com) using Hard Money? I ask because I looked thru the Owner/Investor packet that a successful bid would get, and the options for type of financing are : FHA, conventional, cash, 203k (if I am reading correctly). My fear is that after submitting a successful offer, the deal will fall through. I also read a few stories that required the lender (Hard/Private Money) to show proof of funds and the lender didn't/couldn't. ANY insight or personal stories would be appreciated

[Michael Noto]

@Lamont B. I just had a client of mine here in CT that I connected with through BP close on a HUD property yesterday using a hard money loan.

All in all I have been involved with 5 HUD transactions just this year where the financing was hard money.

Best of luck!