HUD Articles

Agents who help clients successfully navigate the purchase of a HUD home know that it goes well beyond just following the instructions of how to place the bid, upload the proper documents, and follow the emailed instructions. There are many other factors to navigate along the way to help the process go smoothly and to make it to the ultimate goal of closing.  Two very important issues are decided at the onset of the contract when choosing who the buyer will use as their attorney and also as their buyer-select closing agent (AKA the title company). 

It is so beneficial to choose an attorney and a buyer-select closing agent who are well seasoned in handling HUD closings. While HUD properties close within a typical 30-45 day period, much like typical residential sales, the difference lies in the process of how HUD requires their properties to close. Professionals who can navigate HUD properties well can save time, headahes, much frustration, and even money for buyers.  The professionals who handle HUD closings know how to guide their client well, put uneasiness to rest, answer many questions clients have, and jump ahead of possible roadblocks to steer beyond them to the closing table.  

Talk to your buyer early on about the importance of choosing an attorney who has experience with HUD closings. Ask the HUD listing agent on the property for recommnedations for HUD experienced attorneys and HUD experienced buyer-select closing agents. It can make all the difference of a smooth deal that closes, and a the heartbreak and frustration of a deal that falls apart.