If you have any questions about buying HUD owned homes,
please call Velda at 325-725-9854 or email VeldaMiller@live.com.
TO BID ON A HUD PROPERTY YOU MUST HAVE A PROOF OF FUNDS LETTER REGARDLESS OF WHETHER YOU ARE GETTING A LOAN OR PAYING CASH.
Before making an offer, prospective buyers must have a letter, written on the stationery of a mortgage lender, stating that they have been approved for the loan amount needed. This means that the Credit Report has been performed, reviewed, and approved by the lender. The letter must state that on the basis of this review, the mortgage financing for a specified dollar amount sufficient to purchase the property should be available to the buyer. Buyers paying cash must provide proof of available funds.
HUD Owned homes are sold by electronic bid. Bids are submitted on the behalf of buyers by real estate agents who have a valid NAID number.
Information presented here is subject to change by HUD.
SEARCH DIRECTLY ON THE HUD PAGE: WWW.HUDHomeStore.gov
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