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How Does Government Housing Work?


     HUD homes are offered on the sales market at fair market value, based on a recent appraisal. Generally, HUD Homes are sold in what is known as an "Offer period", during which a potential buyer's offer must be made. At the end of the Offer Period, all offers are opened and the bid providing the highest acceptable net return to HUD may then be accepted. Following the initial "Offer Period" homes remaining unsold are offered on an "extended" basis which means offers may be submitted any business day.

     HUD does not provide direct financing to buyers. Buyers must obtain financing through either their own cash reserves or a mortgage lender.


[ How Long Does It Take to Buy a Government Owned Home? ] [ How Much Are Government Owned Homes? ] [ What is FHA? ] [ Why Should I Buy a Government Owned Home? ] [ How do I buy HUD Homes? ] [ What is HUD? ] [ What Is a HUD Home? ] [ What Is HUD's Mission? ] [ What Does HUD do? ] [ What are the General Sales Conditions for HUD Homes? ] [ How Does Government Housing Work? ] [ How Are HUD Homes Sold? ] [ How Do I Find Available Government Property? ] [ Problems For Inexperienced Buyers ] [ Do I Qualify to Buy a HUD Home? ] [ Can I rent out my HUD home? ]

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