U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Georgia
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 09-13-2007, 08:52 PM
 
178 posts, read 481,255 times
Reputation: 28

Advertisements

Can someone tell me if buying a HUD home is relatively easy? Looks like you just submit a bid, give your earnest money..and wait.

They do an evaluation on the place but should you get your own as well?

I'm just wondering...as i'm looking for my first home and seen some Hud homes that are great deals in up and coming areas.

thanks,

Mike
Reply With Quote Quick reply to this message

 
Old 09-14-2007, 06:12 AM
 
Location: Grayson
65 posts, read 198,035 times
Reputation: 21
HUD is a system to buying a home. The owner occupy gets first shot a home, no matter if your bid is lower than someone else's. Where are you looking to purchase? First step is to locate where you want to purchase. Second you should look on the HUD site for your area and see what's available and if you would like to see the home. I would suggest that you ride by and make sure what kind of shape the home is in (some are wrecked and some are like brand new, remember these are foreclosed homes). Once you see a home or homes (because of the bidding process, you may want to have more than one choice) you think you might want to bid on locate a HUD agent and discuss the homes with him or her. They can get you into the home for inspection (all HUD agents have keys to enter properties). HUD's schedule runs like this; Wednesday is new property realease to public and investors(2 week bidding period); Thursday is special program homes release day for teachers, public servants(firemen, police, etc.); Friday is relisted discounted properties day. Get with your agent and summit bids. It is usually about a two week peiod before notification of aquisition. I am a HUD agent. I don't want to solicite and I won't. In this forum I cannot explain everything to you about HUD. You can go to the HUD-Pemco website and read the 400 pages of info or go to my profile and get my website info and I have a breakdown of the whole process in shorter more to the point articles about the process and financing these types of homes.

Last edited by jxu66; 09-14-2007 at 06:34 AM..
Reply With Quote Quick reply to this message
 
Old 09-15-2007, 08:17 PM
 
178 posts, read 481,255 times
Reputation: 28
Thanks Bill...i'll check your site out

I'm not sure if I will get one...but i did look at one in downtown atlanta. I just want to make sure I look at all oppurinities out there
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Georgia
Similar Threads
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 03:08 AM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top