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Posts tagged ‘hud foreclosures’

Bid Strategy for HUD Foreclosures

September 4th, 2008

Now that you understand how HUD’s bidselect website works, I want to give you my strategy and approach to bidding HUD foreclosures. It’s relatively straight forward, and should be a cinch for you to duplicate. So here it is:
Bid Early, and Bid Often!
This may seem somewhat elementary, but it is exactly my mentality and approach [...]

In the last post on understanding the HUD foreclosure website, I ended by showing you about their listings designated for “Government - General, Owner Occupant”. The basics of this was that HUD tries to encourage owner occupancy over letting properties go to investors. But if HUD cannot obtain a buyer for owner occupancy, it will [...]

As I have mentioned previously, finding an investment property at a discount can be tough, however bidding on a HUD foreclosure is extremely easy. But the question is, do you understand just how easy it is to find and bid on one of these properties? Do you know how the HUD system works, so that [...]


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