Tuesday, May 19, 2009

HUD Home Information - What’s happening when I see HUD properties in my neighborhood, but they are not listed on your website or in our MLS? - www.cjh

Not all foreclosed vacant properties belong to HUD! Even if the county records indicate “HUD” in ownership, it may be that the lender who foreclosed has not conveyed the property to HUD/NHMS yet.
When we have a property entered into HUD’s inventory, a NOTICE sign will be posted at the time we begin to make the property ready for the market. It is still not “For Sale” until we have completed that work. The work includes inspections, health and safety issues addressed, clean-out, and an appraisal. We also have documentation to review and marketing decisions to make.
ONLY when the property is listed as available for bidding on our website is it truly “For Sale” and ready for you to show.

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