Updated over 6 years ago on .
HUD owned foreclosure
Have what appears to be a nice house listed for sale far less than market value in our target area. It is listed as "only accepting own/oc bids at this time". Last year I bid on one of these properties with intentions of living it in for a year to satisfy the requirement only to be outbid by an investor. I was later told the requirement is never enforced. Does anyone have experience with these purchases?