With today’s volatile real estate market, excellent deals are around every corner! Yuriy Vaynshteyn, owner and broker-in-charge of Carolinas Metro Realty is an approved Local Listing Broker for PEMCO, Ltd. PEMCO believes “an informed buyer is a happy buyer” and together with Vaynshteyn, hopes to develop a more informed homebuyer.

A HUD home is a 1-4 unit single family residence, condominium, or townhouse. The property is on the market as a result of foreclosure as the owner defaulted on a FHA-insured loan. HUD properties are sold “as-is” based on a recent appraisal.

In 2006, Carolinas Metro Realty opened its doors in Charlotte, NC as a full-service real estate and property management company, providing services to customers buying and selling residential and commercial property in the Charlotte-metro area. With a team of multilingual brokers and full-time employees, CMR has grown exponentially in the past five years and now includes two office locations – Ballantyne and Uptown Charlotte.

The Federal Housing Administration (FHA) is a part of HUD – the part that provides federal mortgage insurance. If a foreclosed home was purchased with a loan insured by the FHA, the lender can file a claim for the balance due on the mortgage. FHA pays the lender’s claim, then transfers ownership of the property to HUD, which then sells the home.

Carolinas Metro Realty is ready to assist you with any questions you may have regarding purchasing a HUD home. Contact us today!


  • 1-4 unit single family residence, condominium, or townhome
  • A property conveyed to HUD by the lender as a result of foreclosure when the borrower defaults on the FHA-insured loan
  • Sold “as-is” based on a recent appraisal

  • Anyone with a valid SSN or Tax ID issued in the United States (homeowners, investors, or government agencies/non-profits)
  • All buyers must qualify for a mortgage or pay cash
  • Homeowners must live in the purchased home for 12 months
  • Investors can bid on properties after they’re offered to homeowners for a certain timeframe

Contact Carolinas Metro Realty today in order to receive a customized list of HUD homes based on your criteria Search HUD and contact a HUD-approved broker

Not usually. HUD simply requires that the homes they are selling are safe and secure.

  • For homes $49,999 and under, $500 earnest money is required
  • For homes $50,000 and up, $1,000 earnest money is required

1. Good Neighbor Next Door

  • Help the community by promoting homeownership in revitalization areas
  • Open to EMTs, firefighters, police and teachers (must be full-time job)
  • Homes offered at 50% off the list price for five days
  • Must live in the home as your sole residence for 36 months

2. $100 Down HUD Homes

  • Must be an owner-occupant
  • Must utilize FHA financing
  • Buyer is still responsible for the full earnest money amount

1. Insurable (IN)

  • 30 day owner occupant period for bidding
  • Can utilize FHA 203(b) financing

2. Insurable with Escrow (IE)

  • 30 day owner occupant period for bidding
  • Use FHA 203(b) financing and escrow money for repairs after closing (up to $5,000)

3. Uninsurable (UI)

  • 5 days sealed bidding for owner occupants
  • No FHA 203(b) financing but can use FHA 203(k) financing (rehab loan)

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