HUD Owned Properties are not bank foreclosures. HUD does not foreclose on real estate. These properties are sold using a sealed bid; highest net to HUD in most cases could be the winning bidder. HUD does not have to accept a bid if they feel it does not meet their requirements. There are properties for sale across the country. The search offered here is for Florida; at www.NHMSI.com you can search Florida, New York, New Jersey and Ohio. For the first 10 days a property is listed only bidders that will be living in the property as their primary residence may bid. If you bid and win on a property sold to an “Owner Occupant” you must reside in the home for 1 year and you can not purchase a HUD Owned Property for 2 years. If the property does not sell in the first 10 days the bidding will be open to all bidders which include investors.

Home Run Real Estate has been selected as a HUD Local Listing Broker for Palm Beach and Broward Counties. We are ready to answer your questions, provide you with a list of available properties, explain what is needed to place a bid, and we are here to show you the properties of your choice.