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Updated over 10 years ago on . Most recent reply

User Stats

386
Posts
151
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Mike Landry
  • Investor
  • Montgomery, TX
151
Votes |
386
Posts

HUD home sold to investor during exclusive! wtf?

Mike Landry
  • Investor
  • Montgomery, TX
Posted

we looked at a house a few months ago and we where going to put a bid on it, but it was only open to owner occupants. My Realtor called the listing Realtor and they said they aren't taking bids from investors and have current bids for oo.  It sold a couple days later at the end of the exclusive period. 

So I go through the neighborhood today and there is a for rent sign in the front yard. Wtf. How can they do this. I couldn't even put a bid in. 

I don't like "telling" on people but this is clearly against HUD rules. I also believe that if you can't invest legally, you shouldn't do it. And I also wanted the house. What would you guys do? Let it go?

Most Popular Reply

User Stats

435
Posts
198
Votes
Bill P.
  • Investor | Syndicator | Instructor
  • Cincinnati, OH
198
Votes |
435
Posts
Bill P.
  • Investor | Syndicator | Instructor
  • Cincinnati, OH
Replied

@Mike Landry 

Sometimes caution is the better part of valor. There is enough fish in the sea to go catch another fish. Sometimes karma is a *****. And you don't want to be part of "what goes around, comes around". There is so much fraud in the government system. And that leads to the real world process of you don't know what toes you'd be stepping on. Be careful.

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