Me too.
I have been following a certain property for some time now, and it is FINALLY back on the auction block, and offered for “investors” instead of “Owner/Occupied only”. And this time the asking price dropped $23k.
I’m sure it will go this time, and quickly, I just wish I had a clue “How” to make the winner be me, with no cash, or credit.
Any help on this topic would be most appreciated.
Mark,
If you get any feedback, PLEASE forward the E-mail to me. I’ll do the same for you.
Let’s go get us a HUD bargain.
Posted by Mark-Tx on January 08, 1999 at 24:42:57:
J.P.
In an article you wrote about purchasing HUD auction
properties you mentioned there were several methods for
purchasing said homes with no cash out of pocket and no bank financing.
Have you posted an article covering this yet?
If so, could you tell me where to find it.
Posted by J.P. Vaughan on January 08, 1999 at 11:25:27:
I have a book on HUD auctions that explains this in
detail. However, HUD open-cry auctions aren’t that
common in most states right now, so I have discontinued
selling the book. When the real estate market goes down
next time, HUD auctions will once again increase.
In the meantime, read my article, “How To Create Your
Own Mortgage.”