HUD foreclosures are available to everyone however they usually offer a "protected" First-Look opportunity for the initial 10-14 days to owner-occupant buyers. This is done to promote home ownership and level the playing field with cash-buying investors..
The HUD homes are priced at fair market value for their location based on appraisal. Teachers and police officers may be given a 50 percent discount on HUD homes.
You can view HUD listings on their Web site at www.hud.gov however you must use a licensed real estate agent, and be pre-approved, to bid