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Updated over 12 years ago on . Most recent reply

Kama Ward's profile image
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Kama Ward
  • Investor
  • from Asheville, North Carolina
  • Member since Jan 29, 2012
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Kama Ward's profile image
Kama Ward's profile image
Kama Ward
  • Investor
  • from Asheville, North Carolina
  • Member since Jan 29, 2012
Connect
Kama Ward
  • Investor
  • Asheville, NC
76
Votes |
184
Posts
Foreclosures

How did HUD get this home?

Kama Ward
  • Investor
  • Asheville, NC
Posted

I am buying my first HUD home. I looked at the property sales record. The home started into foreclosure April of 2011. Looks like there was a private mortgage-( just regular guy's name for the deed of trust in 2008.)

Then, in Jan 2012 it was sold on the courthouse steps to wells fargo for 168K. The HUD listed it 2 wks ago for 135K. Can someone explain this?

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