Posted by Ray S on March 04, 1999 at 18:33:52:
Have you been to there web page. www.hud.gov ? This were I go to find about HUD properties.
As for purchasing them I do not use the name in the windows. Find a Realtor that you like because they earn a full 6% commission on HUD properties. At least it’s 6% in Florida. As far as escape clauses you are pretty much not going to get your bid accepted if you put any contingencies any the bid. I heard this a while back and have not put a contingency in to see if it was true. Just make sure you know what your exit strategy is before you Bid. Also, HUD gives you 60 Days to close where I am, I would assume it the same all over the U.S. 60 days is a long time if you have a bargain to pass along to a bargain hunter.
Hope this helps.