Buying HUD Homes In Denver

What’s a HUD Home? When someone buys a home and uses a FHA (Federal Housing Administration) insured mortgage to purchase the home and doesn’t make payments, HUD or the Department of Housing and Urban Development forecloses on the loan and becomes the owner. HUD then places the home for sale to the general public.

Who can buy HUD homes in Denver? There are no restrictions on who can buy a HUD home. Typically a HUD home is offered to owner occupant purchasers within the first 15 days of being put on the market for sale. After that time, investors can purchase as well. In order to bid on a HUD home, a buyer must work with a real estate broker that is registered and approved by HUD. Buyers must be pre-qualified with a lender, prior to bidding on a HUD property and must have the appropriate earnest money. Dunn and Company is registered and approved by HUD and offers comprehensive real estate services for those interested in buying HUD homes in Denver and the surrounding areas.

How do you find HUD homes in Denver? HUD homes are listed in the multiple listing service as well as the MCB website. The properties are listed and purchased “as is” with no warranties or guarantees from HUD. By working with a broker that is registered with HUD, such as Dunn and Company, you can gain access to all of the available homes for sale.

Are HUD homes great deals? A HUD home can be a great deal. HUD homes are priced at “fair market value” in its’ “as is” condition, which is determined by a licensed FHA appraiser. Many times if you are prepared to do some repairs and you are diligent in your efforts you can find a great deal.

How do I get access to HUD homes in Denver? Whether you are an owner occupant or an investor you must be accompanied by a HUD registered broker such as Dunn & Company to view the property. That includes contractors, inspectors and anyone else providing services for the Buyer.

How do I make a bid? A HUD registered broker will prepare the HUD contract and make the bid for you. The bid is submitted online and if your bid is accepted, the broker has 48 hours to deliver the contract and earnest money to the HUD office.

How much earnest money? HUD requires earnest money with all offers. The earnest money required is $500 for homes that are under $50,000 and $1,000 for homes that are priced above $50,000.

Let CashFlowProperties Help You

Do you have questions about buying HUD homes in Denver or the surrounding areas? Dunn and Company are HUD registered and approved brokers. Contact Dunn and Company and we will gladly discuss HUD homes and your investment options with you.

Call us today at 1-877-316-4324 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it Or fill out the form below to have a HUD homes expert contact you.

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