What National Company Is Buying Hud Homes

By
Real Estate Broker/Owner with Carousel Realty of Dyer County Tn 248435000

I have noticed over the last several weeks that HUD foreclosures are disappearing from the Hud website and they are not sold. Today I got a call from an investor asking me what a property is worth that was on my HUD foreclosure website on Friday but not today. She told me she has the opportunity to purchase this house by placing an offer then if accepted then go and view the property and if she does not like it she can withdraw her offer.

There must be a new middleman company getting these listings or better yet purchasing them at a deep discount then flipping them.

Does anyone know what is going on? I appreciate any insight one might have. The HUD foreclosure she called about was listed in the mid 70"s on Friday but only really worth about $45,000.

I had a similiar occurance last week on a property that was some type of foreclosure(not HUD I do not think) that someone told me a national company was rehabbing with materials from Lowes then putting it on the market.

Perhaps the same company in first paragraph?

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Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Interesting.  Had not hear that around here before.  but then again, there are not many HUD's in my area.

Sep 16, 2013 08:32 AM #1
Rainmaker
2,594,627
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

Hi Mike, sounds like a flipper in the mix interesting if it would be a company

Sep 16, 2013 01:19 PM #2
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