HUD’s Discounts are Going Fast!
HUD’s now selling homes at discounted prices! Let’s cash in on the excitement now!
Oh, wait a minute, they’re only selling at a discount to the government and NPOs!
So far the program is only temporary, but this homes will be marketed to qualified NSP grantees before being put on the regular market. And at a 10% discount off the appraisal value.
This program is, according to its creators, meant to confront the property abandonment issue. By giving certain organizations first crack at the properties, they hope to speed up sales.
Properties will be available for 14 days at the discount. If they’re not picked up in that time, they will be listed and sold.
So, sound like something you’d like to be a part of? Making your real estate investor radar go insane??
Well, get used to it for now. This program has already been in place at Fannie Mae since November. It’s had its bugs, but HUD thinks they’ve ironed them out.
What do you think? Can they get this right without any hitches? Will the program achieve the goals they think it will? And what would you like to see happen?
Voice your opinion. Leave a comment over here and let other people know what’s on your mind. I’m sure you’ll find lots of like-minded people.
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Rk750
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Cm
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Gsmith
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Gsmith
