HUD Repo’s/Advice appreciated… - Posted by Brandon Treat
Posted by Brandon Treat on January 31, 2001 at 14:12:02:
Hello everybody, it’s been a while since I last posted on this great board, due to reasons I’m not in a hurry to explain… At any rate, where I’m at now is looking for some real low priced property that I might be able to rehab and resell, I looked at three HUD reposessed properties this morning and while two of them seem like they might be decent opportunities, I have questions. One is that the realtor who showed them to me said that with HUD it works only one way, the way they like it, and that is fast offer, fast purchase, fast close, the thing is, she also says they are always sold in an ‘as is’ form. Since they are repo’d properties the utilities are off and theoretically I wouldn’t be able to test out the electric or plumbing until after I bought them, does anyone have any suggestions on ensuring I don’t have multi thousand dollar professionally needed repairs and operations done to these places before I put in offers?
Sorry I’ve been gone so long, thanx for reading,