Chance Gates' Blog

Department of Housing and Urban Development (HUD) residential foreclosures are available throughout the United States. The sales process for purchasing a HUD home is a little bit different than buying a home an individual or bank.

HUD homes are appraised, and then priced at fair market value for their location. The price of a home in need of repairs is adjusted downwards to reflect the investment the new owner must make to improve the home. All HUD homes are sold As-Is and no repairs will be made. They will have a home inspection already done and available to view before you make a bid. However, I would always recommend you have your own inspection done. If the home was built before 1978 make sure you know about lead base paint and other hazards such as asbestos.

Searching for HUD home is easy just click the link at the top of the page. The link will take you to MCB website(Nevada HUD Foreclosures) where all you have to do is select what cities you want to see. Once you located a home you would like to see, any HUD-approved real estate office can show you the property. HUD employees do not work with home buyers–you must use an agent