HUD property, not on the market

[Joshua Feit]

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!

[Rick Baggenstoss]

@Joshua Feit Sounds exciting!  

You need a HUD broker to bid on HUD homes. I'd start talking to the brokers and get educated on HUD bidding for owner occupants and what it takes to win.

I know of two HUD brokers involved in GA REIA. I'll send them via email.

Rick