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Foreclosures

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Jeff Robert
  • Real Estate Agent
  • Grand Rapids, MI
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HUD / hudhomestore.com questions

Jeff Robert
  • Real Estate Agent
  • Grand Rapids, MI
Posted Jan 29 2016, 12:00

Can anyone help out to explain a feature on the hudhomestore.com website.  There is an alert option that states "Alert me when property moves into the following period:"   

  • Lottery
  • Exclusive
  • Extended
  • Dollar

Does anyone have experience in what these statuses mean, and/or how can I can best strategize with them?

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Percy N.
  • Developer
  • Philadelphia, PA
894
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2,063
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Percy N.
  • Developer
  • Philadelphia, PA
Replied Jan 29 2016, 12:43

Jeff Robert the statuses are explained on the HUD website. E.g. Exclusive is when Owner occupied and Government agencies to bid, Extended is when investors can join in, etc.

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Sean Cole
  • Investor
  • Cincinnati, OH
329
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506
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Sean Cole
  • Investor
  • Cincinnati, OH
Replied Jan 29 2016, 12:57

As an investor, "Extended" is the only status that we'll qualify for.

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