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Updated almost 5 years ago on . Most recent reply
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Can I bid on this HUD listing?
Long time lurker, first time poster.
My grandmother is a Realtor for a C21 broker that does sell HUD properties, and they have a NAID? number. The listing agent for the home I'd like to bid on thinks I may be disqualified from bidding due to close family relationship with an agent in a HUD affiliated office.
Everything I can find on HUD.gov or otherwise with google defines immediate family as: (by blood, in-law, or marriage) parent, child, or sibling -- or spouse of any of these. Can't find anything that states extension to grandparent/grandchild. Does anyone know for sure?
Would be bidding as owner-occupant in TN, currently have primary residence and 3 investment SFR conventional mortgages all >20% equity.
Thanks!
Most Popular Reply
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Only relatives of HUD listing Brokers are disqualified. Selling Brokers, ie those with NAID are in no way disqualified nor are the brokers themselves as I have made a living buying them for 30 years
Additionally, I believe that grandchildren of a listing broker are not considered immediate family