HUD home bargains!

I don’t know if you guys and gals know it but HUD is trying to shed some of their inventory at this time. I have sold some unreal deals in the past 4 months (over 80 properties in Texas). Thought you might want to know this as I have no idea how long this will last. Some of these properties are selling for 50-60% of their “as is” FHA appraised value! You must know their minimum bid’s as they vary on each property.

Thanks for the great site!

Ron Lilley
Realtor/investor

How do you know what the mininum is ? Norman

That is my question too, as I have always heard that if you offer less than 87% of asking on HUDS, they will automatically reject the offer. Could you expand on this please ? I have one in my neighborhood I have been looking at, but their asking is way off.

Thanks in Advance,
Heather Zaal