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Buying a HUD home

At the Pruett Group, we are proud members of a select group of San Diego Realtors® registered to bid on Housing of Urban Development (HUD) homes. HUD homes present a unique opportunity for home buyers in this competetive real estate market. Our certifcation allows us to provide our clients with an additional pool of homes currently unavailable to other agents.  Here are a few FAQ’s we put together for our friends and clients interested in learning more about these unique properties.

What is a HUD Home?

A HUD Home is a one to four unit single-family residence, condominium or townhome that has been conveyed to the Housing of Urban Development by the lender as a result of foreclosure when the borrower defaults on the FHA-insured loan. HUD in turn sells the property at “AS IS” based on a recent appraisal as quickly as possible through an Asset Manager (AM) Contractor such as PEMCO, LTD. HUD Homes vary in price, location, and condition. Some are move-in ready condition and others are not.

Who can buy a HUD Home?

Anyone with a valid Tax ID (*SSN or Employer Federal Tax ID) issued in the United States can buy a HUD home. Potential buyers must qualify for a mortgage or pay cash to buy a HUD home. Buyers must have a pre-qualification letter from a certified lender, or proof of funds in the amount of, or greater than the gross purchase price of the property.

Where can I find a HUD home?

HUD homes are listed at

How can I view a HUD Home?

All buyers MUST be accompanied by a HUD registered broker or agent when viewing any HUD Home listed for sale.

Do I need a Realtor to place a bid for me?

Yes, you need a registered HUD broker or agent to place a bid on a property and to access the home listed for sale.

For 100 Questions and Answers about Buying HUD Homes, please visit:

We hope you find this information useful! Fore more information on HUD owned homes, please contact Marci Pruett directly at: or (858) 531-1119.



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