How Can I Help My Client Buy a HUD Home?

Tucson HUD Homes for Sale

A buyer is able to buy a HUD home through a HUD broker of their choice. Brokers that are interested in selling HUD properties must have a NAID number and be registered with HUD to sell these homes.

Offers are made at www.hudhomesore.com. Moreover, there are ongoing trainings The Blass Team and other LLBs in the area offer to obtain training on the HUD process. The HUD process is easy and we encourage you to contact us for further training information.

How do I Obtain an NAID Number?

There is a simple application process that is to be submitted to HUD for the NAID number. Click on the link below to be directed to the process directly. http://www.hudhomestore.com/hud/NaidRegistration.aspx?sLanguage=English

The required documents include:

1. 1111 – Original Signature Required –Send the original and one copy of the 1111

Form

2. 1111A – Original Signature Required

3. IRS Letter 147 C or IRS Official Document reflecting Business Name and EIN or copy

of SS card if operating under SS#

4. Copy of Real Estate Broker’s License with Expiration Date

5. Copy of Driver’s License with Expiration Date

6. Recent Utility Bill or Bank Statement that supports the address and Company or

Broker name shown on Form 1111

Click here for the SAMS 1111A form:

http://www.hud.gov/offices/adm/hudclips/forms/files/1111sams.pdf

Click here for the SAMS 1111 form:

http://www.hud.gov/offices/adm/hudclips/forms/files/1111asam.pdf

How do I know What HUD Homes are for sale?

You can view ALL Southern Arizona HUD properties on our website at www.blasshomes.com via our FREE HUD LIST, which includes properties not yet listed on MLS but soon to come. We also have a customized search under MLS search on www.blasshomes.com to search for HUD homes on MLS. You can also visit www.hudhomestore.com.

What is the Good Neighbor Next Door Program?

HUD has a program that promotes revitalization in targeted areas that provide a 50% discount off the sales price. This program is for full time law enforcement officers, teachers, emergency medical technicians and firefighers. Note the property must be purchased in the lottery period (preMLS) as identified on hudhomestore.com. Call us for further information and qualification factors.

If you have a client that is interested in purchasing a HUD home that is identified as a part of the Good Neighbor Next Door program, HUD will not pay commissions to a broker. However, a broker can negotiate commissions in a separate agreement with the buyer.

How do I show a HUD Home?

Once a HUD home is listed on MLS, a MLS lockbox is placed on the property and brokers that are part of MLS can utilize their key for showing.

How do I submit an Offer?

Offers are submitted on Hudhomestore.com. Ensure that your broker has an NAID number and you, as an agent, will be required to register as a bidder the first time you submit an offer on this site. Ensure that your broker has registered on the Hudhomesore.com as well (not NAID number but first time registration on the website) to permit agents in the brokerage to submit offers.