R&I Realty Linda & Terry Iwaniw
REALTOR Associates
15 Potter St., Suite 7
Haddonfield, NJ  08033
856.795.3111

Cell - Linda: 609.417.1084
Cell - Terry: 609.417.1086
Fax: 856.494.1619

 

HUD Owned Homes

A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.

Why buy a HUD Owned Home and not a Short Sale Home? Short Sales are not much of a bargain. HUD properties are much easier than Short Sales.  There are no private owners to deal with, and there is only your real estate professional (us) to handle the transaction, so there is no potential conflict of interest as there might be with dual agencies.  We deal directly with the HUD and their management service. There is no waiting while the bank takes their time to decide if they want to accept the offer or not. The only time that there is a 10 day time period to accumulate offers is when the property first comes on the market and owner occupants are given priority. If no accepted offers are received within that time period, then HUD opens the bidding to everyone and makes their deccidion every 24 hours. No waiting for weeks for a decision!

HUD properties are prepped and ready to go.  HUD does all the paperwork that buyers would do themselves in a typical Short Sale.   

HUD acquires properties from other mortgage lenders and institutions and then makes them available for home buyers to purchase.  The list changes each week.  If you would like the most current list of HUD Owned homes, please fill out the online form below.  This FREE service will save you a lot of research and running around. A valid e-mail address is required to receive this list. If a valid e-mail address is not provided you will not receive any information. We do not mail out lists via regular mail.

We do NOT share, sell, or make available in anyway to any third party your personal contact information without your approval.  Completing this form does NOT constitute such an approval.  However, HUD has certain specific requirements and parameters that must be met in order to be able to make an offer/bid on a HUD Owned home.  Therefore, it is important that we are able to contact you via phone and discuss your needs in detail; HUD Owned homes may not be for you. View our HUD Owned Home Listings here.

Linda and Terry Iwaniw

REALTOR Associate
RE/MAX Home Team

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You understand that you are requesting a list of properties that are currently owned by HUD and are being marketed by them.  If you wish a more detailed search conducted on your behalf and for you to be notified of the results, it will be necessary for you to meet with us so that we can discuss your real estate needs in greater detail.

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By submitting this form you agree to receive e-mail from Linda Iwaniw or Terry Iwaniw, R& I Realty LLC and to receive phone calls even if you are registered on the do not call list. If you do not submit complete valid information, no information will be provided to you. If you are currently working with another agent, no information will be sent. All agents have access to the same information. Your agent can provide you with the information you require.