Relisted HUD home

[Steve E.]

Hello all,

I was watching this home in August during OO period since it was in my neighborhood and when I checked end of September, it was under contract. Hud initially had it listed for $255k and when it went under contract it was listed for $230k. From the bid results they have accepted $198K. The PCR stated $8500 worth of foundation repairs, $1600 worth of HVAC copper lines replacement due to vandalism, $3500 worth of replace damaged and missing electrical lines throughout, little roof work in the one hundreds, replace and repair $1000 worth of siding and replace and repair front and rear doors for $500.

This house has a pool and in the photos, it was covered and probably needs to be closed and I am guessing another $5000.

The house went under contract on September 22nd and on the door I found a note from the city saying the water has been turned on September 23rd. So probably they found other issues and it fell through. Also peeking through the windows, the hardwood floors were beat up and needs replacement.

I am interested in the property but would like to do my due diligence before I submit my offer. I will probably visit the property this afternoon. Any suggestions please?

Thanks