Posted by Dave T on February 16, 2002 at 09:33:55:
Q. If I have this list (HUD list), how many people like me do as well?
A. Everyone who has access to the internet. Check out http://www.hud.gov/offices/hsg/sfh/reo/homes.cfm
Q. So are HUD properties profitable to bid on?
A. Some are, most aren’t. HUD properties usually are priced at or near FMV even though considerable fixup is often needed. Every now and then you will find a HUD property with an asking price at a level that will be profitable for the investor.