Is there a 10 day wait on a property before an investor can submit a bid on a HUD home?

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July 21 2013 - San Antonio
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Answers (6)

Every property is different, you can search for investor available properties on hudhomestore.  There's a search field to sort those ones out.

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October 14 2013
It's 14 days in San Antonio.
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July 26 2013
Thank you!
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July 22 2013
In Connecticut, there is a thirty day wait.  If you visit HUDHOMESTORE.COM you can find all of the information you need on any active HUD owned property for sale.  Shoreviews Real Estate is a HUD Listing and Selling Brokerage licensed in Connecticut and Rhode Island. We work directly with HUD and help many first time homebuyers and investors acquire HUD homes.  If we can be of service to you, it would be our pleasure to assist you to buy a HUD Home.
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July 21 2013
Thank you 
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July 21 2013
Typically it is 30 days before investors can bid.   
The 10 day wait is for the initial bidding.
HUD wants property on market 10 days before the first bid deadline.
Then goes to daily bidding for another 20 days, but for owner occupants.
Then anyone can bid after that...investors or owner occupants.

You do have to sign an owner occupant certification and the system will not even allow us to enter bids from investors early.

Not sure about San Antonio, but I don't see many HUD homes going to investors now in DFW area.  Most seem to go during the exclusive period from what I see.

Other foreclosures may not have the same restrictions.  Fannie Mae and Freddie MAC have similar restrictions...but sometimes you can find others that don't.
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July 21 2013
 
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