Hud Homestore confusing me!......

[Mike Nelson]

Sorry guys, had to resort to asking some rather simple questions about HUDHomestore since I spent several hours online with no luck. The first thing is the listing period for investors, the website says it goes into extended period for investors, why? how long? do all of them? , and are bids accepted right up until the opening date? can you make more than one on the same property? and can i do this all through the listing agent since I do not have a broker or hud registered agent working on my behalf? do I have them make the bid for me by talking to them and not doing anything on line my self? will they show the property right up until the bid opening? Trying to get answers on stuff like this with no clarity. Hope some one can shed some light.... JScott you the man!

[J Scott]

Originally posted by Mike Nelson:

JScott you the man!

Not sure why you stuck that in there, but I certainly appreciate it...I think we need more random compliments in the world! :)

You've gotten good advice above...not much more I can offer, except to reiterate that all the rules for HUD sales are well defined (and documented on their site) and it's always a good idea to have your own agent representing you.

Also, you don't need to do anything online yourself. All the paperwork for HUD properties comes AFTER you get your offer accepted, which is the nice thing about putting in HUD offers. And they continue to show the property on the site (and allow showings) until an offer is accepted. In fact, the site is only updated once or twice per day, I believe, so properties often show up after they are under contract.

Btw, James Vermillion -- you always have awesome and patient responses to the newbies!!!