About HUD Homes For Sale HUD Homes For Sale features HUD (FHA) owned homes in Fort Wayne and the Upstate Indiana Region. Only $1.00 Your agent must submitt a Bid for you anyway and remember there could be other buyers bidding so you are not guaranteed to win the $1.00 Bid, however HUD is basically stating the if you BID $1.00 and not one else bids.. hey the home will be yours!
This information has been backed by several asset companies and listing managers in the regional & local REO industry, and since I was a sales manager for Hud’s preferred real estate listing broker for 3 years in Atlanta, I’ve also closed hundreds of Hud deals on the corporate side of the disposition business and I’ve put almost every acceptance that flowed through that company to this template test.
In collaboration with national servicers, Fannie Mae, and Freddie Mac, the First Look program is intended to give communities participating in HUD’s Neighborhood Stabilization Program (NSP)a brief exclusive opportunity to purchase bank-owned properties in certain neighborhoods so these homes can either be rehabilitated, rented, resold or demolished.Information will be available here soon.
So do not take it personal if you do not win the bid on the home you want.. just keep looking and bid on something else, and hey you never know, sometimes if the original buyer does not complete the purchase, HUD will place the home back on the market and notify your HUD broker that it is available again!
Newly refurbished homes in downtrodden areas as a result of the program often stimulate neighborhood revitalization, an influx of new residents and the opening of small businesses that contribute to the birth of burgeoning new neighborhoods all across the U.S.