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Anybody know what's up with hudhomestore.com?
I buy in Missouri, and used to really enjoy snatching single family houses off hudhomestore, https://www.hudhomestore.com/H...
There hasn't been one listing on there for quite some time. Now homepath.com https://www.homepath.fanniemae... seems to have all bank owned homes. Does anyone know why there was a change? Any bidding tips on homepath vs. hudhomestore?
Foreclosure moratorium.
Regards.
Bob
-
Lender
- 914-861-5501
- [email protected]
So the lack of inventory around the country is due to the moratorium
The lack of no inventory in the middle of the country is due to a dispute in the awarding of the Asset Manager bid for the Denver region. My understanding is that it is being litigated at this time
After a LONG hiatus, in the last week or so properties have returned in NJ to the hudhomestore. Perhaps they will soon return to you soon.
Originally posted by @Greg H.:So the lack of inventory around the country is due to the moratorium
The lack of no inventory in the middle of the country is due to a dispute in the awarding of the Asset Manager bid for the Denver region. My understanding is that it is being litigated at this time
Greg, I don't think anyone know more about this than you! Any idea if homes normally being sold on hudhomestore are going elsewhere, or is there a backlog, factoring it it wouldn't be all that much since there's been a moratorium?
Originally posted by @Pat Jackson:Originally posted by @Greg H.:So the lack of inventory around the country is due to the moratorium
The lack of no inventory in the middle of the country is due to a dispute in the awarding of the Asset Manager bid for the Denver region. My understanding is that it is being litigated at this time
Greg, I don't think anyone know more about this than you! Any idea if homes normally being sold on hudhomestore are going elsewhere, or is there a backlog, factoring it it wouldn't be all that much since there's been a moratorium?
So then the appear!! Hud put some on the market last night. Appears they are using the Region 1 Asset manager in the interim
Most of the inventory I have seen in the last year on Hudhomestore has been reverse mortgage foreclosures which never stopped. This represents a very small percentage of their inventory and used to be sold thru another avenue. My guess is we are still months away from seeing a normal inventory
I have purchased 30-60 Hud homes per year since the 90's which dwindled to a handful this year all before March