HUD home not listed yet (real estate, properties, bank, Georgia) - Mortgages -Lenders, loans, financing, rates, foreclosures, short-sales, brokers, credit score, deed, lien, refinancing, borrowers - City-Data Forum

rory_woj · 03-24-2009, 08:32 AM

I found a HUD home that is owned by Pemco in an area that I really like. It has a piece of paper on the window saying it is HUD owned but it isnt listed yet. I found it on a real estate website like zillow from when the owner was trying to sell it. It didnt sell and is now HUD owned. Do you know if I could contact anyone to get it listed? I really like the place and have been pre qualified for that price range for FHA and conventional. I would really like to put in an offer as soon as possible. Any help would be appreciated!

Im in Georgia.
Thanks

ShaneSA · 03-25-2009, 08:09 PM

Several years ago I wanted a house like that. The bank owned it, repo, and I contacted the bank to get info and try to buy it. the bank said it was already at HUD and they could not sell it. I tried to contact HUD with no luck. What I did was to wait until it hit the list of avaiable houses and I put in a bid through a realtor.
As an aside, I got it for $4000 less than the bank wanted for it when they had it listed. HUD's minimum bid was $4000 lower and that's what I bid and got it.
Be patient and good luck in getting it.

rory_woj · 04-13-2009, 01:47 PM

How long did that end up taking- for HUD to list the home?

rtop11 · 04-17-2009, 01:43 PM

Have you visited the HUD website to find it. Sometimes properties are located there and if so, you can put in a bid for them. Do you have realtor? They might be able to help.