HUD Home Listings

There are a number of HUD home listings that currently open to the public for bidding. For more info about these properties and how to view them and/or purchase, contact Ryan@MnRealEstateTeam.com 

The process for obtaining these properties is to submit a bid thru a registered Broker, which can be done thru our team, The Minnesota Real Estate Team of RE/MAX Advantage Plus.  These bids will be reviewed by HUD and the highest acceptable net bid will be selected. Investors are required to put down 25% down on these properties. Earnest money that is required is $1,000 for offers greater than $50,000; (not to exceed $2000). Currently, HUD will pay up to and may not exceed 3% of all closing costs considered to be reasonable and customary in the jurisdiction where the property is located.