Can I buy a home for $1?

Answer

Dollar Homes information can be found on the HUD website. A dollar home is a home that was mortgaged through the FHA but have been foreclosed and is now owned by the FHA. The home is put up for sale and if the home does not sell in six months, then the home is offered for sale for a dollar.

To get more information, go to the HUD website found here. Once you get to the map of states that have the Dollar Homes program, click on the state for which you want to find dollar homes. If you see one that interests you, click on the property case number. From there, click on Agent Info and contact information will pop up for the Asset Manager, Field Service Manager and Listing Broker. Contact the Listing Broker and let them know you are interested in the Dollar Homes program.

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