Posted by wm on February 19, 2002 at 08:00:51:
If you can buy a HUD home for $1000, be careful. For that price it will be uninhabitable, and require a lot of rehab work. HUD just doesn’t give properties away and they usually will get market value. And if market value is $1000 be prepared to shellout some $$$ to make the house livable.
Just went through this same scenario. OUCH!!!