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Shawn Luong
Mobile Phone:
626-643-7090
[email protected]

DRE# 00857818
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Shawn Luong
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Mobile Phone:
626-643-7090
reoagent@
shawnluong.com

DRE# 00857818
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HUD-owned Homes

Browse the HUD-owned homes on the carousel below, please be patient, as all available HUD properties from the MLS are displayed here.  If you would like to receive all hot new HUD listings to your email inbox, please send me your email with your name, so you will receive the listing details as soon as it is posted on the MLS.

Please contact me with any questions you may have on how to successfully bid on a HUD-owned home, funding sources for HUD-owned properties... or if you would like to schedule an appointment to view a property.

 

​If you would like to have these properties in your mailbox as soon as they hit the market, please send me an email and I have you set up.


What is a HUD Home?


A HUD home is a 1-to-4 unit residential property acquired by the U.S. Department of Housing and Urban Development (HUD) as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.

Why buy a HUD Home?

HUD reserves the first 30 days for owner occupant buyers only.  This exclusivity provides owner occupant homebuyers competitive advantage over investors to purchase the home of their choice.  Only owner occupant homebuyer can purchase the home during this exclusive 30-day period.

If a home needs repairs and upgrade, HUD homes qualify for the FHA 203(k) renovation mortgage program that provides a homeowner with the necessary funds to correct any deficiency in the home - new roof, electrical rewiring, copper plumbing,... as well as improvement such as kitchen, bath, and window upgrades including solar installation.  All are included in the same purchase mortgage loan.  This program is available for condominium, single family homes, and 1-4 unit apartments and mixed used properties when the owner is living in one of the units.

How to buy to a HUD Home?

The banner shows all HUD home available for sale in the Southern California market.  If offers have already been accepted, these HUD homes will not appeared on the banner.

To receive a daily updated list of available HUD Homes in your targeted cities, please email me your name, email address, and phone number to set up this service.  The phone number is used only to ensure that the initial list is sent to the right person.  We will NOT call to pester you unless you call us in asking questions or for showing homes of interest.




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