The HUD Home Listing Process Begins.

This photo is HUD Home Utah. This HUD Home listing is in Spanish Fork and listed for $130,000.

HUD Home Listing Process Begins at the Computer.

HUD Home listing process begins on the computer. All HUD foreclosed homes are listed on the M&M Contractor's website at their "AS-IS" fair market value. My experience has been they are listed everything but fair market value.
Sometimes they are 10-20% below fair market value and other times over fair market value. If they are below market value, there will be numerous bids on it and your chance of getting a bargain is gone. Even worse could happen if it is above market value. If you or your real estate agent don't have the experience in HUD foreclosed homes, you could end up paying too much for the property.
I think now is the time to talk about one of the most important items about buying HUD foreclosed listings. You need to find real estate agent that is experience in HUD Homes! An inexperienced agent can cost you cost thousands of dollars in mistakes. They might cost you your dream bargain home. Believe me, I have seen it over and over.

You can ask most real estate agents if they do "HUD Homes". Of course they don't want to miss out on a commission, they will say sure they do. Some of the agents would have to go to their Broker-Owner and ask what in the hell are "HUD Homes"!
There are 50 agents in my office and probably only 2-3 agents have the experience to complete a HUD home listing tranaction. That means 95% of the agents could cost you money.
Oh, by the way, you CAN NOT bid on HUD Home Listings without an real estate agent! So you need to find real estate agent that is experienced in HUD foreclosed homes. More on that later.

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