Hud Homestore inventory removed for months, what happened?

Hud Homestore inventory removed for months, what happened?

Member since 2019 · 113 posts · 25 votes

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. 

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  • Rental Property Investor · RVA · Member since 2016 · 5k+ posts · 4k+ votes
    5y

    That may only be in your area. The inventory is still available in Virginia. Unfortunately most of what I've seen on there lately is insanely overpriced.

  • Greg H.Pro Member
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    Broker/Flipper · Austin, TX · Member since 2013 · 4k+ posts · 4k+ votes
    5y

    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

  • Member since 2019 · 113 posts · 25 votes
    5y
    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. 

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