HUD Homes! A HUD home buyer does not have to be a first-time home buyer or a low income home buyer.

1. HUD Homes
Government Owned

2. What is a HUD Home?
A HUD home is a property that has been
lost by a previous owner in foreclosure
or a property that an owner has given back
to the lender with a deed in lieu of
What is a HUD Home
foreclosure. HUD homes large inventory is
offered to home buyers, non-profits and
investors. A HUD home buyer does not have
to be a first-time homebuyer or low income.

3. To HUD Homes

4. Financing
•Conventional
•Cash
•FHA 203(k)
•IN (Insured) - FHA 203(b)
•IN With Conditions – FHA 203(b)
•IN With Escrow – FHA 203(b)

5. Who Can Buy A HUD Home

6. HUD Buyer’s
• Buyers do not have to be first-time
homebuyers to buy HUD homes.
• Buyers do not have to fall into low-income
categories
• Pre-Qualified by a lender
• Sufficient Cash

7. HUDHomeStore.com

8. Daily Listings

9. HUD Homes Expand Homeownership
and Revitalize Neighborhoods

10. Owner Occupants
•Given priority in bidding during certain cycles of listing process.
•Must occupy house as primary residence for one year.
•Cannot participate in HUD sales for two years after purchase.
Good Neighbor Next Door
•Police officers, firefighters, emergency medical technicians, and teachers
•50% discount on list price
•Eligible properties located in designated Revitalization Areas
•Must occupy house as sole residence for three years
Investors
•Cannot bid until Day 31 in initial sales cycle.
•No restriction on quantity.
Government Agencies and Nonprofit Agencies
•NAID number (Name Address Identifier)
•Access to "First Look" program.

12. Bob Elliot – Realtor®
25 Years Local Industry Experience
612 578 6162
bob@minnesotarealestatetoday.com
www.MinnesotaRealEstateToday.com
RES Realty
Burnsville, MN 55337