HUD Homes 

A U.S. Department of Housing and Urban Development (HUD) property is one that was previously financed with an FHA insured mortgage where the lender has foreclosed and acquired the home due to default on the loan. The Mortgage Company submits a claim against the FHA insurance to HUD and is paid in full for the entire loss. The Mortgage Company subsequently deeds the property over to HUD. The property is then assigned to Golden Feather Realty, who has been selected by HUD to manage and market their homes in California. An initial inspection is performed and an appraisal is ordered prior to marketing the property to the public. All properties are sold by way of competitive bid, which are submitted electronically over the Internet or by telephone, by a HUD certified real estate broker. This is where Saddleback Properties comes in. Contact us by phone: 951.538.0835 or email: for additional information, to see a HUD home, or to make an offer on a HUD property.



The simple way to obtain a list of single-family HUD homes currently available for sale:
Contact Saddleback Properties and we will provide you with a list of homes in the area you may be interested in.
The HUD home list is updated frequently, often on Friday, so bookmark this site, You just might find your dream home right here!
Frequently Asked Questions About HUD Homes

1. Can I buy a HUD home?
Answer: YES! If you have the cash or can qualify for a mortgage, you can buy a HUD home.

2. Can I purchase a HUD Home for next to nothing?
Answer: No. These days are gone. HUD sells homes at market value - that means that the price is set based on the price of similar homes sold in the area. One should not restrict their search to just HUD homes. There are other sources of affordable housing.

3. If the HUD Home needs repairs, will HUD make them?
Answer: HUD Homes are sold "as-is," without warranty. That means that HUD will not pay to correct any problems. But even if a HUD Home needs fixing up - and not all of them do - it can be a real bargain! For example, HUD's asking price on the home will reflect the fact that the buyer will have to invest money to make improvements. HUD might offer special incentives such as an allowance to upgrade the property, a moving expense allowance, or a bonus for closing the sale early. And keep in mind that on most sales, the buyer can request HUD to pay all or a portion of the financing and closing costs. Contact me for details.

4. How do I buy a HUD home?
Answer: Call Saddleback Properties, HUD Homes are sold in an "Offer Period." Usually for Owner Occupant Purchasers (people who are buying the home as their primary residence) this is 10 days from the date the property is initially listed for sale. At the end of the Offer Period, all offers are opened and, basically, the highest bid is accepted. If the home isn't sold in the initial Offer Period, you can submit a bid any business day.

5. If my bid is accepted, then what happens?
Answer: Saddleback Properties will notify you, usually within 48 hours, if your bid has been accepted. We will then enter escrow and together work the required paperwork. You'll be given a settlement date, normally within 30-60 days.

6. How can I get a loan to buy a HUD Home?
Answer: HUD doesn't make loans directly, however there are a number of Lenders who do! Call Saddleback Properties, we will help assist you in selecting a HUD approved Lender who will take you through the steps and actually make the loan.

7. Can I buy a HUD Home as an investment?
Answer: Yes, however most HUD Homes are initially offered on a priority basis to owner occupant purchasers. Following the priority period, unsold properties are then available to all buyers, including investors.


Please contact us by phone: 951.538.0835 or email: for additional information, to see a HUD home, or to make an offer on a HUD property.

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