May I use the Property Address?

[Christopher B.]

Hi Guys,

I purchased a HUD home myself to flip. The HUD is under contract and I need to find a Buyer ASAP. Can I send out an email campaign to Realtors in the city giving them the property address so that they know what property I'm talking about or is that not permitted? Should I just give the street name and not the full address and ask the Realtors to call me directly for more information and complete address?

From what I've heard through the grapevine, it's taboo to give any info out on HUD homes until after closing. I don't want the get the "HUD Slap" and piss off the listing agent. I've been scared straight with the advertising and marketing guidelines.

What do you recommend? 

P.S.  I'm offering a flat $3,000 commission to the Realtor who brings me a Full-Offer Cash Buyer. 

[Greg H.]

HUD has no restrictions on selling the a property bought in the investment period and it can be resold immediately. HUD does not frown on wholesaling at all they just do not allow the marketing of the property while it is under contract.

@Christopher B.

I would recommend that you do not market the property with an address as repeated violations could jeopardize your NAID #