HUD homes are foreclosed homes that are owned and sold by the Department of Housing and Urban Development (HUD). Licensed real estate brokers can list, show, and submit offers on HUD homes on behalf of buyers after registering with HUD. HUD homes are sold through an online bidding process and various programs provide priority to certain buyers like owner-occupants, non-profits, and first responders. FHA loans are typically available to finance the purchase of HUD homes.