The HUD Superstore

Posted on May 10, 2016 by

Checking information with REIA Comps will quickly tell you that HUD foreclosures are available all over the United States.  The thing to keep in mind is, the sales process for purchasing a HUD home isn’t quite the same as you’ll encounter when buying a home from an individual.  However, the no Deed Restrictions these homes have can significantly boost your wholesaling business adding real income to your RE business.

HUD properties are sold using a bidding process. HUD foreclosures are homes owned by the government as a result of repossession.  These types of foreclosures are sold online from former mortgage holders who defaulted on loans guaranteed by the Department of Housing and Urban Development. 

HUD homes are appraised, then priced at fair market value for their location.  HUD employees do not work with buyers, but NAID approved Agents.  HUD will generally accept the highest bid.  The foreclosures are usually sold at or below REO prices. This is like finding shells on the beach, believe me.  HUD sells these homes through approved brokers who often times advertise in the local newspaper to gain additional potential buyers.

HUD Foreclosures are good real estate property, which would sell for much more had they been a regular property deal.  You will discover foreclosures are initiated in order to recoup the monetary loss incurred by a lender or the government and can be a great investment option for investors.  It is an opportunity for investors to pick up heavily discounted properties and some come with significant instant equity.  Unfortunately for some and fortunately for others, they are becoming increasingly prevalent throughout the US today.

REIA Comps provides members with the resources required to find and purchase HUD properties, whether you’re new to HUD foreclosures or an experienced investor.  Our team with many years of experience in handling foreclosure properties will be able to guide you from submitting offers to wholesaling your winning bid.

Lastly,  It is my experience HUD foreclosures are listed somewhere within 20% of market value.  HUD foreclosures are only a small part of the foreclosure market, and they generally are sold “as is,” and fortunately have enough minor challenges to scare away most home buyers.  This is where solid investors step in and grab the sale.  I encourage you to take a look at REIA Comps today and position yourself to take part of the money being made in the HUD property market.

Always use REIAComps to help you determine the best acquisition and ARV for every deal you look at. Don’t for one moment let someone tell you the value of a deal. Let REIAComps show you for yourself.

Mark JacksonMark Jackson is an appraiser, real estate investor and property valuation specialist who teaches others to get more out of their real estate investing business. In 1999, Mark founded an appraisal company and soon found his true gift was analyzing property values for real estate investors. Since 2000, has closed millions of dollars’ worth of his own domestic and international real estate transactions. Mark’s passions are: faith, family, golf and real estate.

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