I'd like you to all be confident on how to submit a bid on a HUD home. Here's a quick rundown on how to place a bid with the required brokerage information you may need. If it's your first time using HUD or if it's been years since you've submitted a HUD bid then you'll need to create or renew your account. Please don't wait until the night a bid ends to do this step. I recommend you do step #1 today.
Step #1: First Time Using HUD
- Go to www.hudhomestore.com
- In the top right corner select "Bidder."
- Fill out the information. In section 3 it will ask for NAID information. The NAID Type is Selling/Listing Broker and the NAID is (Call Broker for this number)
- Write down your username, password and security questions in your passwords app. You should also put your personal real estate license number ending in AB00 or SA00 in this section as it will be required when you place a bid.
Step #2: Information Needed Before You Start Your Bid
You will have 15 minutes to put the bid together otherwise it will make you restart the bid. You will need the following information to submit a bid:
- Each purchaser's name, address, phone number, cell number, email address, and Social Security, EIN, or ID Number.
- The buyer's title company name, address, phone number, escrow officer.
- he purchase price, the requested closing costs amount, and loan type.
Step #3: Placing a Bid
- Go to the MLS Printout and find the HUD case Number. It'll be in the remarks and starts with 521-#######.
- On the home page of HudHomeStore.com put that case number is and select Search.
- Select the Property
- Select HUD registered Bidder
- NAID Type: Selling Broker
- NAID: (Call Broker for this number)
- Your Personal Real Estate License Number: #######-SA00 or #######-AB00. If it is bringing an error, try putting your license number in another way.
- Fill out the Form within the 15 minutes provided.
- It should auto populate my email for the broker section. Please leave my email and name there so that I can digitally sign the documents when your bid is accepted.
Step #4: Checking on the Status of a Bid
- Go to www.hudhomestore.com
- In the top right corner select "Login."
- Put in the HUD case number 521-#######.
Step #5: If You Won the Bid
- You will need to get the earnest money check delivered to the listing agent within 48 hours. This agent should contact you on the business day that your client won the bid to give you instructions on where to take the Earnest Money.
- Most HUD contracts will use digital signatures.
- If you have questions on an accepted bid, reach out to the listing agent as they are paid by HUD to help you complete the steps.