Posted by Tim (Atlanta) on May 30, 2000 at 14:52:58:
You know, I think I have heard it a thousand times “If it is on the HUD list, it must be a bargain!”. Well, that is a bunch of hogwash. I have watched the HUD list for over 3 years now. In that time, I have seen maybe 3 bargains in my area. Out of over 100 homes. I also attended several HUD auctions in person. A majority of the properties went for list price or better. NOT a bargain in my book. Homes that need repairs often sell for the HUD appraised value. Now that is nuts!
I look elsewhere for my leads.