HUD, Foreclosure lists?

[Ian Hamrick]

BP

I went on a search for HUD/Foreclosure homes in a city about an hour away. In conducting a web search there are plenty of websites that come up charging monthly fees.

Is there a good website to use or is the best way to go about make a trip to their city hall and retrieve the list?

[Bruce Lynn]

All HUD homes that I know about are on the HUD website... HUDHomeStore.com. It's free. You don't need to pay for a list. These have gone through foreclosure and are ready for sale by HUD. Remember there is an exclusive period when they first come on the market generally 5-15 days, where only owner/occupants can bid, not investors....after that anyone can bid, but I think preference is still to owner/occupants.

You'll need a HUD registered agent/broker to bid.

From what I see there aren't that many HUD homes any more in most areas of Texas...there are some, but not like the old days...7-8-10 years ago. Mainly due to price run up....and maybe with lenders trying to work with people to stay in the house.