Realty World – BLUE | Property Group, Inc.

“HUD” is an acronym for the U.S. Department of Housing and Development. When someone defaults on a HUD insured mortgage, the lender forecloses on the home. HUD pays the lender the balance and takes possession of the home. HUD then sells the home at market value through approved brokerages, such as Realty World – Blue Property Group.
 HUD foreclosed homes can be a great deal for homebuyers.  HUD tries to sell the house as quickly as possible.  You will need a loan pre-approval from a bank, not a mortgage broker.  We can assist in the pre-approval.
Anyone who can qualify for a mortgage or pay cash can buy a HUD home.  Contact us for a list of available HUD properties.

Definitely getting prequalified for a loan first, but you can get prequalified and start looking for homes at the same time.  A Realtor can help you with the process if you are unsure, even if you have a lender or bank that you want to use.  Knowing how much you can afford to buy will save you lots of time and effort. 
A Realtor will help with the details and the process of the loan and buying process.  Probably more importantly, especially in the beginning, they can help direct you towards loan officers that are good, as opposed to just available.
Once approved, you now have an established price range and can concentrate on identifying neighborhoods, as well as a Realtor who support your interests and shares your vision.