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Foreclosures

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Joshua Feit
  • Atlanta, GA
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HUD property, not on the market

Joshua Feit
  • Atlanta, GA
Posted Sep 9 2014, 17:10

Hello BP!

There is a single-family home that I have been eying for six months -- vacant, and needs a lot of work. I am a new investor (with four units in Atlanta), but I am interested in making this home my primary residence.

I looked up the records and found it was foreclosed, and the bank took ownership of it. That bank folded, and it was bought by Wells Fargo.

I called Wells, and they said the home would be eventually listed on the HUD Home Store. I called the Home Store, and they were entirely unhelpful as to when they may be bringing the property to market.

MY QUESTION:
Is there anything that can be done now? Or do I just have to wait it out? Are there any HUD specialists that know how to pull magical strings to make deals like this happen?

Thanks in advance!

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