Homes For Sale in Tulsa Ok
John Cantero (918) 313-0408
918-578-2467918-578-2467

How to Buy a HUD Property

HUD Homes and Government Property

HUD Homes and Government Property

Here are a few of the basics when buying a HUD property…

• HUD properties are government owned foreclosures. They are technically NOT “lender owned” but they are usually marked that way in the MLS.

• HUD properties are now listed like any other full service listing by several local brokers and agents.

• Properties are listed on the local MLS as well as on HUD’s website (www.hudhomestore.com). There you will find property information, limited inspection results, who can bid, and bidding deadlines.

• All offers (bids) are submitted through HUD’s website. You must be a registered agent, under a registered broker to submit a bid.

• HUD accepts (acknowledges) the bid that nets the highest amount to HUD that is equal to or higher than their minimum acceptable amount. The agent who submitted the highest bid is notified by e-mail.

• Winning bidders must submit a paper contract with proper earnest money within 2 business days after receiving the e-mail.

• HUD will e-mail back the signed contract to the agent submitting the bid and to the closing company selected by the buyer.

• In the same e-mail will be a link to activate utilities for any inspections the buyer wishes to do.

• Cash buyers must close within 30 days of HUD signing the contract. Financed buyers must close within 45 days.

• HUD must be notified 3 business days prior to closing to approve the settlement statement.

I have the experience to help guide you through buying a foreclosure property. If you have any questions or if you would like to receive a free list of foreclosure properties please text or call me at (918)313-0408 or you can email me at johncantero@gmail.com anytime.

  • Contact Me

    Would you like to visit a home you have seen? Just let me know and I would be happy to arrange it.

  • Reviews

    5OKChahtaWmn

    We really enjoyed and appreciated having John as our Broker he was very honest, professional and prompt in answering any questions, and took care of a lot of the details for us prior to and at closing. We especially appreciated him putting up with us for... (more)

    5user541473

    John Cantero is the real estate agent I chose when I decided to buy a HUD foreclosure. It was not an easy process and John was always there to answer my call's and questions. If you are looking for a great real estate agent, John Cantero is who I would... (more)

    5lkeith82

    We contacted John because he had such a good rating on Zillow. He lived up to the ratings in every way. John is very professional and patient with customers. He listened to our needs and used his multi-list software to send us an updated list each... (more)

    Review John Cantero (918) 313-0408 on Zillow.com

  • Tulsa Real Estate Specialist

  • Work with one of the best Realtors in Tulsa – John Cantero

  • I Will Show You The Way Home

  • Homeownership Matters

  • Mortgage Calculator

    $
    $