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Find HUD Homes on the MLS and save $$$ Get paid to buy your So Cal Condo with Zip Realty

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RealtyTrac find HUD Homes

 

California HUD Homes Condominiums

HUD Homes in California

One of the most common phrases associated with foreclosure, is HUD Homes. HUD Homes are Bank owned homes that were secured by Government back loans. HUD properties only represent a small percentage of foreclosed homes. New HUD homes become available every Friday in California. HUD homes can usually be purchased below market value, but they can usually only be purchased by people intendinding to use the property as their personal residence. If a HUD home is on the market for several weeks, the bidding is then opened up to Investors. Once its open to real estate investors, its usually not the greatest deal. HUD homes are specifically designed for buyers intending to use the property as their primary residence.

HUD Homes can be found in two places, the website of Pemco (they handle all California H.U.D. properties) and on the MLS. All HUD homes are listed by the select broker in that individual city. More information and a home inspection report is given on the Pemco website. This information is very up to date

 

HUD homes in California must be purchased using a cooperating real estate agent. HUD Homes require a special key that can open any HUD homes in California. Bids for HUD listings are made on-line. The listing price of California HUD homes is usually low, but multiple bids are usually made.

Find a California HUD Certified real estate agent now:

Let agents compete for your business!

Special HUD Programs for Teachers, Officers, Disaster Evacuees

HUD also offers special programs for teachers, officers, firefighters and other government employees where they can literally purchase a house for half its value.

Homes that qualify for these program are rare in California, and bids are selected by a random lottery. These programs still require HUD Auctions through electronic bids, and are also found on the Pemco Site. These HUD auctions become available every Friday. You must have the assistance of a licensed real estate agent to bid at a HUD auction.

 

 

Search for Forclosed condos on the MLS in:

California HUD Condos

LA County

Acton
Adelanto
Agoura
Agoura Hills
Agua Dulce
Alhambra
Altadena
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Artesia
Azusa
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Rolling Hills Estates
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Orange County

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Seal Beach
Stanton
Sunset Beach
Tustin
Villa Park
Westminster
Yorba Linda

Riverside California

Aguanga
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Banning
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Bermuda Dunes
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Cathedral City
Cherry Valley
Coachella
Corona
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hemet
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Thousand Palms
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San Bernardino

29 Palms
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Apple Valley
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Chino Forclosures
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Redlands
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Victor Valley
Victorville
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Yacaipa
Yucca Valley

Ventura County

Camarillo
Fillmore
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Oxnard
Port Hueneme
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Simi Valley
Thousand Oaks
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Central Valley South

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San Diego

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