HUD home sold to investor during exclusive! wtf?
we looked at a house a few months ago and we where going to put a bid on it, but it was only open to owner occupants. My Realtor called the listing Realtor and they said they aren't taking bids from investors and have current bids for oo. It sold a couple days later at the end of the exclusive period.
So I go through the neighborhood today and there is a for rent sign in the front yard. Wtf. How can they do this. I couldn't even put a bid in.
I don't like "telling" on people but this is clearly against HUD rules. I also believe that if you can't invest legally, you shouldn't do it. And I also wanted the house. What would you guys do? Let it go?