Re: HUD - Posted by Bill (NY)
Posted by Bill (NY) on April 13, 2002 at 07:46:01:
I’m dealing with an agent in my area now who e-mails me HUD lists every Wensday. The listing price is always shown, as is the address. Most properties sell quickly to people who look to live in them and they are given first shot. A few properties stay listed for a while and are usually real fixer-uppers. These same properties drop in price quickly. If you see one you like, I would throw them a number with your estimated cost of repairs. You might get lucky. Also, HUD properties are listed on a web site some where with their original list price and the sale price. I forget the site, they contract that stuff out, but take a look at HUD’s site or do a search on lycos (my favorite). My agent told me proof of funds would needed along with any offer I made.