Home buyers seeking to acquire cheap homes in the Northwest can look for good house deals through Washington HUD homes. These HUD foreclosure properties may be available at a cheap price at times because HUD is simply trying to make money back that was lost due to the initial foreclosure. In fact, HUD now provides full listings of HUD homes in Washington through a website. Potential buyers should use that site to select Washington properties and then choose a Washington real estate broker to place a bid on their chosen Washington properties.
Find that HUD website at hudhomestore.com/HudHome/Index.aspx. Once there, click on Washington to start your search. This is the most expansive search and gives you the entire state database of available HUD Washington homes.
Now, you may choose to bring back a smaller number of listings based on your home preferences. Use the search tools to pick the features you want. As an example, let’s say you are in the market for a Tacoma HUD home. To find these, you would simply enter Tacoma as the city. You can then continue to narrow the search by price and other factors.
Find the necessary Washington broker to place your HUD home bids. This is a HUD requirement. You can also easily find these approved brokers and agents with HUD’s “Find a Broker” database. Click on that on the home page and then find a local broker with the search engine.
The next step for most buyers of HUD homes in Washington is to speak to a lender. Of course, most people get a mortgage loan to buy real estate, and buyers of HUD Washington properties are the same. You need to ask for preliminary approval for a home loan.
Now that you have that out of the way, it is time to bid on your chosen Washington properties. Have your agent do this for you after you have submitted all required documents.
Once HUD accepts your bid, you have a very limited time to respond and pay a deposit. Get your broker to help you do this. Several weeks later, you will finally close on the Washington house through a closing agent approved by HUD.
When buying a Washington HUD home or any other real estate, always demand a deed. Get a property deed from HUD in this case and file it in the real property recorder’s office in the Washington county of your new home.
HUD Home Listings