According to Hud.gov, a HUD home is “a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.” It is a home that is for sale by the government and is sold via auction.
In order to make an offer or view a property owned by HUD a buyer must work with a broker certified for HUD home sales. I just happen to be certified and would be happy to help you see or make a bid on a HUD home.
To search for a HUD home in Colorado click on the photo below.