Anybody know what's up with hudhomestore.com?

Question

I buy in Missouri, and used to really enjoy snatching single family houses off hudhomestore, https://www.hudhomestore.com/H...

There hasn't been one listing on there for quite some time.  Now homepath.com https://www.homepath.fanniemae... seems to have all bank owned homes.  Does anyone know why there was a change?  Any bidding tips on homepath vs. hudhomestore?

Greg H. · Answer

So then the appear!! Hud put some on the market last night.  Appears they are using the Region 1 Asset manager in the interim

Most of the inventory I have seen in the last year on Hudhomestore has been reverse mortgage foreclosures which never stopped.  This represents a very small percentage of their inventory and used to be sold thru another avenue.  My guess is we are still months away from seeing a normal inventory

I have purchased 30-60 Hud homes per year since the 90's which dwindled to a handful this year all before March

Pat Jackson · Answer

Greg, I don't think anyone know more about this than you!  Any idea if homes normally being sold on hudhomestore are going elsewhere, or is there a backlog, factoring it it wouldn't be all that much since there's been a moratorium?

Ron Brady · Answer

@Pat Jackson

After a LONG hiatus, in the last week or so properties have returned in NJ to the hudhomestore. Perhaps they will soon return to you soon.

Greg H. · Answer

So the lack of inventory around the country is due to the moratorium

The lack of no inventory in the middle of the country is due to a dispute in the awarding of the Asset Manager bid for the Denver region.  My understanding is that it is being litigated at this time

Bruce Lynn · Answer

Foreclosure moratorium.