What are HUD Homes?

If you are looking for a bargain on a home purchase, consider looking into the HUD (U.S. Department of Housing and Urban Development) homes that are available in your area. Because HUD homes are foreclosures, you may be able to get a great bargain and turn your new home into a profitable investment.

o    HUD governs FHA-insured loans. When homes with FHA-insured loans are foreclosed on, HUD becomes the owner of the property.

o    There are no special requirements to purchase a HUD home; if you are able to qualify for a loan for the amount the home is being sold for, you can purchase it.

o    HUD homes are offered as owner-occupant properties at the outset of the agreement, meaning you, as the owner, will live in the property. If it is a multi-family home, you are agreeing to live in one of the units for a period, but you can still rent out the other units.

o    A listing of homes for sale through the HUD program can be accessed through the main HUD website (see Resources). Only Realtors who are registered with HUD, can help you submit an offer.


 Only  HUD-REGISTERED AGENTS can show and sell HUD Homes. 
 
El Cajon       Case Number: 044-421205
Property Information
Address: 123 N STEPHANIE LN EL CAJON
CA 92019
 SAN DIEGO COUNTY
Appraisal Date: 09/17/2011
Bed/Bath: 3/2.00
Total Rooms: 5
Square Feet: 1032
Year: 1960
Property Design: Contemporary
Parking: Garage
HOA Fees: $0.00
   
Location Map
Map data ©2011 Google - Terms of Use
Listing Information
List Date: 09/24/2011
List Price: $253,000.00
As-Is Value: $253,000.00
FHA Financing: IE (Insured Escrow)
203K Eligible: Yes
Repair Escrow: $2,035.00
 


Case Number: 044-433563   South San Diego
Property Information
Address: 1422 SWITZERLAND DRIVE SAN DIEGO
CA 92154
 SAN DIEGO COUNTY
Appraisal Date: 09/24/2011
Bed/Bath: 4/2.50
Total Rooms: 8
Square Feet: 1654
Year: 1989
Property Design: Ranch
Parking: Garage
HOA Fees: $105.00 Monthly
   
Location Map
Map data ©2011 Google, INEGI - Terms of Use
Listing Information
List Date: 09/28/2011
List Price: $260,000.00
As-Is Value: $260,000.00
FHA Financing: IN (Insured)
203K Eligible: Yes
Repair Escrow: $0.00
 
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HUD Home in Escondido
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303 Citrus Ave. Escondido, CA 92027

  $190,000  This house is a charming one story with land! Put your own personal touch on this property, it has good bones and definite character. Home is located in a community with beautiful mature landscaping. This home is close to shopping and transportation for your convenience.
 

    604 Stanley Ave. Escondido, CA 92026    

 HUD property case #044-421427. Traditional country style 3BR/2BA ranch home with evening lights/mountain views.  Brick fireplace in family room. BRs w mirrored closet drs, ceiling fans. Gazabo in backyard. Nicely landscaped for enjoying outdoors.
 
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