Buying HUD Foreclosures

[Thomas Weidner]

I have recently came across a possible deal that I am considering making a offer on. It is a HUD foreclosure. I would purchase it to remodel and then resale the home. What is the process when dealing with HUD? What are some tips when dealing with HUD?

[Greg H.]

The process while not difficult has strict timelines and requirements.  Only and I mean only:

-Use a Broker(You cannot purchase without one) that has a lot of experience with HUD homes specifically

-Use a title company that has experience with HUD. You choose the title company. Things must be done Hud's way and hud's way only and many title companies refuse to comply therefore the property does not close