# HUD auction

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Part of a series on Auctions Types All-pay Chinese Bidding fee Dollar Amsterdam Anglo-Dutch Barter double Best/not best Brazilian Calcutta Candle Click-box bidding Combinatorial Common value Deferred-acceptance Discriminatory price Double Dutch English Forward French Generalized first-price Generalized second-price Japanese Knapsack Multi-attribute Multiunit No-reserve Rank Reverse Scottish Sealed first-price Simultaneous ascending Single-price Traffic light Uniform price Unique bid Value of revenues Vickrey Vickrey–Clarke–Groves Walrasian Yankee Bidding Shading Calor licitantis Cancellation hunt Jump Rigging Sniping Suicide Tacit collusion Contexts Algorithms Autos Art Charity Children Players Domain names Flowers Loans Scam Slaves Spectrum Stamps Virginity Wine Wives Theory Digital goods Price of anarchy Revenue equivalence Winner's curse Online Ebidding Private electronic market Software v t e

A **HUD auction** is a form of [foreclosure auction](/source/Foreclosure#Foreclosure_auction) except the original lender was a federal agency instead of a private lender. The [United States Department of Housing and Urban Development](/source/United_States_Department_of_Housing_and_Urban_Development) (HUD), is the insurer of loans made through a variety of government programs, particularly [FHA loans](/source/FHA_loan). When a [lender](/source/Lender) forecloses on a government insured loan, HUD takes possession of the property.

Homes are listed on the [Multiple Listing Service](/source/Multiple_Listing_Service) by a listing agent who generally receives a 1% commission for listing the property, but is otherwise unaffiliated with HUD.[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*]

## External links

- [Department of Housing](https://www.hud.gov/)

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Adapted from the Wikipedia article [HUD auction](https://en.wikipedia.org/wiki/HUD_auction) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/HUD_auction?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.