Hud Homestore inventory removed for months, what happened?

3 Replies

Hello folks, 

It looks like HUD removed inventories on HudHomestore.com due to HUD will get a new assets manager. It has been over two months and inventories are still unavailable. What happened? When would inventories back on hudhomestore.com?

Thanks. 

The inventory has been depleted due to the foreclosure moratorium as most of the current inventory is reverse mortgage foreclosures 

Additionally, there is no inventory in the Denver Region(Midwest and Southwest) as there is a dispute over who won the bid to be the new Asset Manager for the region. Until that is settled, there is no inventory. Texas historically has had 150-200 listings at any given time and currently has zero

Originally posted by @Greg H. :

The inventory has been depleted due to the foreclosure moratorium as most of the current inventory is reverse mortgage foreclosures 

Additionally, there is no inventory in the Denver Region(Midwest and Southwest) as there is a dispute over who won the bid to be the new Asset Manager for the region. Until that is settled, there is no inventory. Texas historically has had 150-200 listings at any given time and currently has zero

Greg, the second paragraph is the exact thing I am talking about. Do you have any public information available on this "dispute", just curious.