HUD Homes Available In SoCal
We don’t usually think of HUD Homes In Southern California but I wanted you to know, while there are not many in our area, there are some.
All you have to do is go to www.hudhomestore.com/Home/Index and then enter your search details.
If you see anything you are interested in give me a call at (562) 544-0449. I’m a HUD approved Real Estate Agent and I will walk you through the process.
A HUD home is when a government-insured loan (FHA) gets foreclosed and the Federal Housing and Urban Development pays the defaulted loan off, and then puts the home on the market. Some people are interested in buying HUD owned houses because of a possible low market value of the home.
Anyone who has the required cash or can qualify for a loan (subject to certain restrictions) may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.