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HUD Auction Schedule   Auction Terms

New Event Coming Soon!

  • Pre-Auction Bidding available – see property details page for additional information
  • Buyer Premium 5% $2000 minimum.
  • Buyer Select Program – Must have information available prior to placing bid. See bidder note below or contact Listing Agent for details.
  • Brokers Protected - Up to 3% to NAID qualified Selling Agent who assists in completion of the purchase contract.

BIDDER NOTE:  Interested Bidders must be prepared to provide a Pre-qualification letter or Proof of Funds (on bank or lender letterhead) to include Buyer’s name, Loan amount, Type of Financing (Conventional, FHA, etc.), Income Verification and Verification of credit check. Buyer Select Program enables buyer to choose their own HUD qualified closing agent. Closing Agent Must have a HUD issued Title ID#. Properties will be sold via online auction that typically begins on Monday, and properties start closing Wednesday 3 PM Central Time (see property detail page for auction dates and times). Properties close in five minute increments - this window will extend on individual properties for two (2) minutes, as long as there is active bidding. Bidders who cannot be available at that time can set a maximum bid on their property of interest. The system will bid on your behalf as much as necessary to maintain your position as high bidder, up to your maximum bid amount. Must have a MyH&M account to bid. Internet connection required.

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hm-50-years-logo small bar For more information on HUD Home Auctions
or any other types of property we sell please contact
the auction information office at 866.539.4173.