My husband and I are bidding on a HUD home. As of this time the House was just place on the market (it has been on the market as a foreclosure before I reckon 2 Yrs ago). They are asking 110,000 but we feel it is worth about 80,000-95,000. We bided 85,000 and the hud realtor said since it is the first time it is listed they probably won’t accept it. But he did mention no one is looking at it. Also we have a few family members that are really directly located by the home and say it has been extremely silent. Cars drive by stop and just take off. We looked up what they got for the house two years ago and it was 110,000 and they did NO WORK. It needs tons of TCL but that is okay with us. I am confused a tad on the process. If they don’t accept us and go no other bids will they relist it or will it go up for grabs for investors? Hmm …By the way I don’t know if it help but we are in Jersey.
Tags: cars, family members, foreclosure, grabs, HUD, HUD Foreclosures, investors, realtor, tad, tclPosts Tagged ‘grabs’
Bidding on a Hud Home?
Sunday, June 28th, 2009Search :
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