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HUD to Local Governments: The “Good Neighbor” Direct Sale Program

hud homes


During the past few years of its Management and Marketing (M&M) contracts, the U.S. Department of Housing and Urban Development (HUD) has provided a unique opportunity for a local government entity such as a city, county, or Native American Tribe to purchase HUD homes for ONE DOLLAR. Often known as the "Dollar Homes Sale,” this is one part of HUD’s “Good Neighbor”... Read More

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More on Buying HUD Homes


hud homes

Every month, over 500,000 internet users hit the "Homes for Sale" page of the Department of Housing and Urban Development (HUD) where they find a daily-updated selection of 1,000s of highly affordable homes and apartments offered by HUD plus nine other government agencies.

Like most of the housing programs offered by this massive cabinet-level agency, HUD Homes is... Read More

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What Are HUD Homes?

hud homes

What is a HUD Home?
A HUD home is a 1 to 4 unit residential property acquired by 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.

Who can buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may... Read More

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