Re: What do you do when… - Posted by Tim (Atlanta)
Posted by Tim (Atlanta) on April 20, 2000 at 11:47:15:
Just seeing the HUD sign really only indicates that it has or will be on the HUD list soon. HUD does not list the houses with MLS, it counts on its web site and real estate agents to generate the buyers. The HUD list is added to once a week here in Georgia.
The site for GA is : www.hud.org/i5/ga
From there you can look at what is currently on the list, as well as the recent sales. If you can’t find it on either list, it is not available. Sometimes HUD puts the yard signs up long before they have clear title to the property and can sell it. Keep an eye on the list, it may come up. But here in Atlanta, don’t count on getting a real deal on this. Depending on the area, I have seen houses in bad condition sell above the HUD listed price.
Hope this helps.