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Updated about 8 years ago on . Most recent reply

Dan Rosenberger's profile image
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Dan Rosenberger
  • Residential Real Estate Broker
  • from Westfield, Indiana
  • Member since Dec 10, 2010
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Dan Rosenberger's profile image
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Dan Rosenberger
  • Residential Real Estate Broker
  • from Westfield, Indiana
  • Member since Dec 10, 2010
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Dan Rosenberger
  • Residential Real Estate Broker
  • Westfield, IN
31
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Foreclosures

Drop in the number of HUD Homes on HUD Home Store

Dan Rosenberger
  • Residential Real Estate Broker
  • Westfield, IN
Posted

On Thursday morning 4/27/17 there were 157 HUD Homes active in the state of Indiana. On Friday morning 4/28/17 there were 97, for a drop of 60 HUD Homes in the state on HUDHomeStore. I doubt that they accepted that many offers in one day. Does anybody know (or suspect) what is going on?

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    Greg H.
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    • from Austin, Texas
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    Greg H.
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    Greg H.
    • Broker/Flipper
    • Austin, TX
    ModeratorReplied

    Several possible reasons :

    -Hud sometimes removes for a day for a price drop

    -Thursday is a typical day for older inventory to be manually reviewed and lower offers considered. 60+ awarded is not realistic though

    -Some aged inventory could be transferred to Auction and Hudson and Marshall but again 60+ is not realistic 

    -Could be a glitch as site maintenance is scheduled for tonight 

  • Greg H.
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