HUD has indentified five buyer types that are eligible to purchase HUD-owned homes. Certain conditions must be met to determine the eligibility of a buyer to bid on a particular home. Only registered bidders can make offers on properties. Homebuyers must use a registered selling broker or selling agent to make an offer on their behalf.
Owner Occupant: Eligible owner occupants are individuals with a valid SSN who have not purchased a HUD property with the past two (2) years. They can bid on homes in the exclusive or extended periods. Owner occupants rank above nonprofits and government agencies in the bid selection process for exclusive and extended listings.
Investor: Eligible investors are individuals with a valid Social Security Number (SSN) or Employer Identification Number (EIN). They can only bid on homes in the extended phase and are ranked below other types of bidders in the bid selection process.
Good Neighbor Next Door (GNND): Eligible GNND buyers can find details on the program on the following web page http://www.hud.gov/offices/hsg/sfh/reo/goodn/gnndabot.cfm. GNND buyers can bid in lottery, exclusive, and extended phases, but can bid exclusively on insured single unit homes in revitalization areas in the lottery phase. GNND buyers are given preference over government agencies and nonprofits in the selection of a bid-winner in the lottery phase.
Nonprofit: Eligible nonprofit organizations, (see http://www.hud.gov/offices/hsg/sfh/np/np_home.cfm) can bid on homes in lottery, exclusive, and extended phases provided they are in approved purchase areas. If the property is in the lottery phase, the home must be uninsured. Nonprofits rank below Government Agencies in the bid selection process for the lottery, but above them for exclusive and extended listings. Nonprofits cannot bid for dollar homes.
Government Agency: Approved government agencies can bid on homes in lottery, exclusive, and extended phases provided they are in approved purchase areas. If the property is in the lottery phase, the home must be uninsured. Government agencies can bid for Dollar homes. See http://www.hud.gov/offices/hsg/sfh/reo/goodn/dhmabout.cfm for more information.
You can search for all the HUD properties in a state by clicking on the state on the map or selecting it from the list.
You can type in part of the street address, or part of any of the other text fields. The system will select all properties that contain in the corresponding fields the letters or numbers that you type in.
You can also search by a price range, number of bedrooms or bathrooms, buyer type, or property status.
You are required to register with HUDHomestore.com in order to save listings, save searches and receive email alerts.
Properties can be in one of four listing periods, depending on the type of property, the Bid Open Date, and how long it has been on the market. These listing periods are:
Lottery: For an insured or uninsured single unit property in a revitalization area, plus all other uninsured properties. The initial listing period is seven (7) days.
Exclusive
(a) For insured properties not in a revitalization area. The initial listing period is thirty (30) days.
(b) Unsold insured or uninsured single unit properties in a revitalization area. This listing period is thirty (30) days. For unsold uninsured properties, the listing period is five (5) days.
Extended: For properties that are not sold in the lottery or exclusive periods, this listing period is one-hundred-and-eighty (180) days from the original list date.
Dollar: For unsold properties after the Extended period, this listing period is ten (10) days, after which the home returns to an extended listing.
Contact the Listing or Selling Agent, the MM2 contractor, or the Asset Manager for the property. You can find contact information by clicking the Property Case number, then clicking the Agent Info tab. The HUDHomestore Help Desk cannot answer questions about individual properties and will refer you back to the Agent Information.
Where do I go if I need help with NAIDs?
For questions about NAID applications, company name or address changes, or registering to sell HUD Homes: Call 1-800-CALL-FHA (800-225-5342)
If you need help using HUDHomestore.com: Email the Help Desk at HUDHomestoreHelp@yardi.comEveryone: Be sure to include your first and last name, your phone number, your email address, and your user name (if you have one). If there's a problem with a specific case, please include the case number. If there's a problem with a screen, try taking a screen shot of the active window (press Alt + Printscreen) and pasting it into the email.
Additional Bidder Information: Be sure to include the following:
1. Your user name (if you have one)2. Your NAID or Principal Broker's NAID3. Real Estate License number(s)4. State(s) Licensed5. Items 2 through 4 for any additional brokers
For technical questions about using the HUDHomestore.com: Phone 866-777-2034
Good Neighbor Next Door: HUD's Good Neighbor Next Door initiative is designed to encourage renewal of revitalization areas by providing an opportunity for law enforcement officers, firefighters, emergency medical technicians and teachers to purchase homes in these communities. HUD provides a substantial incentive in the form of a 50% discount off the list price of eligible properties.See http://www.hud.gov/offices/hsg/sfh/reo/goodn/gnndabot.cfm for more information.
Dollar Homes: HUD's Dollar Homes initiative helps local governments to address specific community needs by offering low to moderate income families the opportunity to purchase qualified HUD-owned homes for $1 each.See http://www.hud.gov/offices/hsg/sfh/np/np_home.cfm for more information.
Nonprofit: The Federal Housing Administration (FHA) offers community and faith based nonprofit organizations the opportunity to purchase HUD homes at discounts up to 30%. With this discount, local nonprofit organizations invest in their communities through property rehabilitation and resell to first-time homebuyers and low to moderate income families.See http://www.hud.gov/offices/hsg/sfh/reo/goodn/dhmabout.cfm for more information.
Contact your local HUD office.
If you would like to see more contact information for a HUD-owned property, click the Agent Info tab on Property Details. At the top of the screen there is the HUD HOC contact information.
You can search for all the HUD properties in a state by clicking the state on the map or selecting it from the list.
You can type in part of the street address, or part of any of the other text fields. The system will select all properties that contain in the corresponding fields the letters or numbers that you type in. You can also search by a price range, number of bedrooms or bathrooms, buyer type or property status.
When you have selected your search parameters and clicked Search, the system will keep a record of that search and up to five additional searches. Click the Recent Searches button to view the parameters or re-run your searches . If you click a Property Case to view property details, that property and up to five additional properties will be saved by the system. Click the Recent Listings button to view a list of recently viewed properties; you can click the Property Case number link to review the property details.
To permanently save unlimited searches and listings and receive user defined email alerts, you are required to register with HUDHomestore.com and create a user name and password login. Click the Save Search icon to save the parameters of our search.You can click the Save button to the right of the property in the list of search results to save a property to review when you log in.
You can see properties that you've saved by logging in to HUDHomestore.com. You will see links to Saved Properties and Saved Searches.
To rerun a search that you have saved, log in to the HUDHomestore.com, click Saved Searches, and click the link under Search Criteria.
HUDHomestore.com can send you email alerts if a property meeting your search criteria becomes available. First log in to HUDHomestore.com, and click your Saved Property list. You will see a column called Email Alerts and Property Notes. Click the Email Alerts link.
How do I search for a property in my area?
Yes. However, during the initial listing, owner-occupants get priority. If an owner-occupant does not bid on the home, then investors can bid on the home.
For individual purchasers, you must have a valid Social Security number (SSN) or Employer Identification Number (EIN) to purchase a home. Owner-occupants are not eligible if they have purchased a HUD property in the past two (2) years.
No. HUD requires all bids be submitted through an authorized HUD broker. Click the Find Broker link on the top menu or in the Property Details screen to find a registered HUD broker in your area.
Yes. You need to work with the selling broker to find out how a purchase by multiple buyers is handled.
How can I get more information about a property I want to buy?
Contact the local Listing Broker for the property or your Selling Broker.
Do I have to register to make an offer?
No. You do not have to register to make an offer through a Listing Broker. However, registering on the site allows you to save your recent searches and recent listings, as well as receive email alerts when new listings become available.
If you forget your username, you will have to reregister on the site. If you forget your password, you can get a temporary password after you answer the two security questions you set up when you first registered.
Once you've logged in, click the Public Functions link to the left of the Logout link. One the left side, click the My Profile link. In the Update User Profile screen, you can make changes to your password, security questions, and contact information. To save your changes, click Submit.
You cannot put in an offer on a HUD Home by yourself. You must use a Selling Broker who is licensed to sell HUD Homes to represent you, or you can go through the Listing Broker for the home.
Some documents (such as Sales Contracts and Addendums) are saved in Adobe's PDF format.
Brokers/Agents
If you are an associate broker or selling agent, your principal broker must register first before you can register with HUDHomestore.com. When you register as an associate broker or selling agent, you will need to use the NAID of your principal broker. You will also need your Real Estate license number and expiration date.
In the Home screen on the upper right side, click the Bidder link. This displays the Bidder Registration screen where you start the registration process. The Submit button does not become "live" until the terms and conditions are accepted.
You can find the documents to apply for a NAID on HUDHomestore.com using the NAID Registration link. When you have completed the application process, you will be issued a NAID. Once you have obtained a NAID, you can register at HUDHomestore.com and create a user name and password login. If you are a Selling Agent, your principal broker must be registered before you can register. This NAID registration permits you to make an offer on a HUD property and proceed to the sale closing.
To obtain a NAID:
1. Click the NAID Registration link.
2. Click the Bidder Application link and complete the form.
3. Click the Selling Broker Certification link and complete the form.
4. Find the correct address for your state's Homeownership Center, and mail the forms.
If you need help using HUDHomestore.com: Email the Help Desk at HUDHomestoreHelp@yardi.com Be sure to include your first and last name, your phone number, your email address, and your user name (if you have one). If there's a problem with a specific case, please include the case number. If there's a problem with a screen, try taking a screen shot of the active window (press Alt + Printscreen) and pasting it into the email.
HUD requires each selling broker/agent (as well as nonprofits and government agencies) to register as a bidder so HUD can confirm that you are using a valid NAID and to authenticate your identity. Only valid bidders are permitted to make offers on HUDHomestore.com.
If you do not already have a valid, active NAID, you must complete bidder certification documentation as the first step to becoming a HUD-registered broker. Once the registration process is completed, you will be able to submit offers on HUDHomestore.com. The forms you require are on the HUD website. They are the SAMS 1111 Broker application and the SAMS 1111A Selling Broker Certification.
If you are a selling broker or selling agent and have registered with a real estate license and NAID for a specific state, you can make an offer on a property in that state. Each license and NAID combination must be unique. However, if you are a principal broker, you can register in more than one state using a single NAID, but must have a valid broker's license for the states in which you are registering. If you are a selling agent or associate broker you can register in multiple states, but you will need a separate, valid NAID for each state.
If you forget your password, you can get a temporary password after you answer the two security questions you set up when you first registered. If you forget your user name, send an email to HUDHomestoreHelp@yardi.com.
Perhaps the user name and password you're using is for another bidding site, not HUDHomestore.com. The sales of some properties require that you leave the HUDHomestore.com site and register at an external site to place your bid. HUDHomestore.com does not keep a record of registration and bids at an external site.
If you would like to change any contact information, you must send an updated SAMS-1111 form to HUD. Once HUD makes the changes, your listing will be automatically updated on HUDHomestore.com.
Why can't I see my name with the Find a Broker search when I've registered as a Bidder on the listing site?
When you register on the listing site, you are registering only as a Bidder who can make bids and check bid results. The Find a Broker search does not look at that information. It shows only those Brokers with active NAIDS in SAMS and P260, whether or not they're registered on the listing site. So registering on the site is independent of your being found on the Find a Broker search.
The system permits only a single NAID to principal broker association. You cannot register with more than one NAID for your state license. If you have many agents in several different locations that you want to register, they must all register under a single NAID.
Your principal broker must first register as a Bidder on the website (the link is in the upper right corner). Once they have registered, then the associate brokers and selling agents can register on the website using the principal broker's NAID.
Once you've logged in, click the Bidder Functions link to the left of the Logout link, then click User Profile on the top menu. In the Update Profile screen you make changes to your password, security questions, NAID information, and contact information. To save your changes, click Submit.
Click a home's case number to display the Property Details screen. On that screen is the Submit an Offer button.
Once you submit an offer you can check the status of your offer by logging in to HUDHomestore.com. On the Review Your Bids page you can search for a specific offer or view a list of all of your current offers. You can only view bids that you have submitted.
As a bidder, you can review all HUD initiated counteroffers by selecting the Counteroffer search criteria to 'Yes' on Review your Bids. Also, if you have been notified that there has been a counteroffer, your original bid will have been cancelled. Go to the Review Your Bids screen, and locate the bid. Click the Property Case number link to view the Property Details screen. You will then see a link that you can use to respond to the counteroffer.
If you offer has been accepted, you are required to deliver the signed contract and all addenda to the asset manager within two (2) business days.
The Bid Amount is the sale price for the property. It is a fair market value based on a recent appraisal. You can make an offer under or over the sale price. HUDHomestore.com will select a winning bid based on the offer that gives the highest net to HUD.
The Bid Open Date is the date on which the asset manager can open, and accept or reject bids.
When are bids opened?
The asset manager can open and accept bids on the Bid Open Date. The date and time that this can occur is shown on the Property Details screen. Bid Open dates vary according to the type of listing period that the property is currently in.
Yes you can cancel an offer after it has been submitted, until the bid opening date. Log in to HUDHomestore.com, click Bidder Functions, and go to Review your Bids. Click the bid you want to cancel. Click the Withdraw this Bid button. A summary screen will appear, and you will again have to click the Withdraw this Bid. The bid is then withdrawn from consideration by HUD. You will not be able to cancel an offer after the bid opening date has passed.
It remains the responsibility of the bidder to review the status of all submitted bids on HUDHomestore.com. On the Review your Bids screen, you can filter to find all accepted bids. Automated emails are generated from the system as a courtesy but should not be relied upon for notification of accepted bids.
Once you've logged in, you can click on Bidder Functions on the top right of your screen and review your bids. You will not be able to view bids other than those you have entered yourself.
Open: The bid has been submitted and is awaiting review by the asset manager. The bidder can modify or withdraw their bid.
Accepted: The bid has been accepted by the asset manager.
Withdrawn: The purchaser or their bidder has withdrawn the bid, and it is not longer under consideration by HUD.
Cancelled: The bid has been cancelled.
Under Review: The bid has been opened and is being reviewed by the Asset Manager (AM).
Progressive Realty1511 Nashville Hwy, Suite DColumbia, TN 38401
931-388-0041
