Posted by Mike.R(NJ) on October 16, 1998 at 12:33:34:
There was an Hud auction in New Jersey a couple of months ago.
According to a Hud rep in NJ. That was rear event.(last one was two years ago).
Only when Hud gets a large inventroy of properties, will they do an auction. Their perferred way to sell Hud properties is owner/occupant.
Although it may be different in Chicago. You may want to check your area’s HUD web site.