PHOTO
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PROPERTY DESCRIPTION
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Sample HUD Listing
This is a HUD Home that the Government has foreclosed on because the owner couldn't meet their payments. This home is sold via an auction process whereby the highest bidder wins the home, typically at prices affordable for lower-income families. Teachers, police officers and owner-occupied bidders are given preference. The list price is provided but you may present any reasonable bid. All bids must go through a real estate agent that is registered with HUD.
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| Amount |
$125,000 |
| Type |
Single Family Home |
| Bedrooms |
3 |
| Bathrooms |
2 |
| Floors |
Single story |
| Square Feet |
1,800 |
| Lot Size |
10,000 |
| Notes |
Open to all bidders. Offers must be submitted by 11:59PM to be considered. |
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| Agent |
Sample Agent |
| Phone |
555-123-5555 |
| Address |
555 Sample Street, Sample CIty, State Zip |
| Notes |
To submit an offer on a HUD property, you must work with a HUD registered agent. Any licensed real-estate agent or broker WHO IS REGISTERED with HUD may show and submit bids on HUD Homes. HUD does not list their homes with any particular agent, so you must find your own or pick one from their list of approved agents. Contact one or more of the agents, letting them know you are interested in purchasing a HUD property (note that this property may not be in the HUD agent's specific area so you may need to do some explaining). Confirm they are still registered and approved by HUD, and then select an agent you feel comfortable with. Once you've selected your agent, inspect the property and have them submit a bid for you. Note: if no agents are displayed, that means we do not know of any HUD agents in this area. Call your local agent and ask them if they can refer you to a HUD agent.
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| Median House Value |
$189,000 |
| Neighborhood |
Suburban |
| Households |
10,000 |
| Household Income |
$57,000 |
| Population |
120,000 |
| Population Density |
12,000 people per square mile |
| Average Age |
33 years old |
| Ethnicity |
65% Caucasian, 14% African American, 16% Hispanic, 5% Other |
| Education Index |
Above Average |
| Educational Details |
30% College, 60% High School, 10% No High School |
| Crime Index |
20 |
| Notes |
Nice neighborhood with close proximity to schools. |
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| Status |
HUD Reposession |
| Delinquent Amount |
$27,000 |
| Loan Balance |
$155,000 |
| Original Loan Amount |
$255,000 |
| Recorded Date |
December 1, 2006 |
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| Sales Date |
Sales Price |
| 11/10/1995 |
$125,000 |
| 01/01/1997 |
$145,000 |
| 03/05/2000 |
$165,000 |
| 02/02/2004 |
$285,000 |
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| Assessor's Parcel Number |
0987-8795 |
| County |
Sample County |
| Zoning |
Residential |
| Latest Assessed Year |
2006 |
| Land Value |
$145,000 |
| Improvements |
$75,000 |
| Assessed Total |
$220,000 |
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