REAL Trends Newsletters

HUD Auctions: Interest is There But Sales Aren

While historically the U.S. Department of Housing and Urban Development (HUD) foreclosure auction listings get an average of two offers per property, according to Laurie Maggiano, deputy director of single family asset management and disposition, “lately we’ve been getting three to four offers on each property.” The problem? “Those offers are consistently lower.” Some 95 percent of HUD homes are...  This content only available to REAL Trends Members. Please log in below.