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Updated over 9 years ago on . Most recent reply

User Stats

136
Posts
5
Votes
Mike Nelson
  • Investor
  • Miami, FL
5
Votes |
136
Posts

HUD homestore insanity?! Why are they so erratic in acceptance!?

Mike Nelson
  • Investor
  • Miami, FL
Posted

So I have been bidding very aggressively on HUDhomestore.com for the last 6 months with nothing... nada... zilch. I have been vigorously valuing properties that I find listed lower than they are worth and bidding in the 80-88 percent range off list price, even on properties listed for over 3 months. I have not received acceptance on anything. Now, what is really T'ing me off, is there is another Investor in my area who is getting these properties at 72-73% of list! What!? And what really made me slam my laptop this morning, was a very nice 3/2 listed for only 1 month that he won at 72% after ONE MONTH!? HOW!!?? What the heck am I doing wrong? Granted I did not get the chance to bid on that particular property (slipped under my radar) I have been very aggressive borderline INSANE when making my bids as of late. Any tips from the seasoned HUD guys?

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