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HUD Homes
WILMOTH Group is a Local Listing Broker for HUD Contractors PEMCO in Central and North Central Indiana and South West Florida, HomeTelos in Central Indiana. and Ofori throughout Central Indiana and the Florida markets of Orlando, Tampa, Sarasota and Fort Myers. We are also approved to work with you on buying a HUD home.
What is a HUD home? It is a home that has gone into mortgage defualt with a loan insured by the Federal Housing Administration (FHA). Upon default and a subsequent foreclosure, the lender takes possession of the property and ownership is conveyed to the insurer, Housing and Urban Development (HUD). HUD selects Asset Managers throughout different regions of the country to sell these homes. A HUD home is any home that could be financed using a FHA-insured mortgage. These include single family, townhomes, condominiums, mobile homes, or multiple family up to 4 units.
For information on HUD Homes also visit www.HUDHomeStore.com.
- Frequently Asked Questions About HUD Homes
A list of questions frequently asked about the process of buying or selling a HUD home. See if your question is listed!
- Successfully Selling HUD Homes-Agent Training Offered By Wilmoth Group
The new HUD selling process is different and if you are a Realtor who wants to be able to represent a buyer for a purchase of a HUD home...you need to be informed. Trainings offered monthly.
- Bidding On HUD Homes
Learn all about the different property classifications, bidding rules and the process for submitting a bid electronically at HUD HomeStore.com.
- Tips For Completing A HUD Sales Contract
The following is a collection of tips and advise to assist agents when completing a HUD Sales Contract (also known as a HUD-9548).
- Getting Your HUD Contract Closed
Congratulations! Your HUD bid has been accepted and you just received your ratified (executed) contract package from the HUD asset manager. Here are some helpful tips to a successful closing!
- HUD Special Programs
If you are considering purchasing a HUD home, or if you are a Realtor representing a buyer of any kind, you need to know about the special HUD programs including $100 down payment homes!
- Forms You May Need
Here is a list of forms commonly used when documenting a bid or following up on an accepted bid. Includes Utility Activation and De-Winterization Requests.
- Contacts Regarding HUD Sales
Here is a list with different contact information for the Asset Managers, Field Service Managers and Closing Agents serving Indiana and Florida for HUD home sales. Also HUDHomestore.com.
- Resource Center
If you are a buyer or an agent seeking to learn as much as you can about purchasing or selling a HUD home, here is a compilation of additional information you may want to review.
