There back.....I wasn't sure. HUD recently announce that hud home sales have increased. I am speculating that this increase in hud home inventory is due to the resolution of title issues associated with robo signers and foreclosure fraud.
HUD properties, result from the FHA financing foreclosure process. The robust mortgage and real estate market is generating more FHA financed homes. As of February this year, national HUD Home inventory was just under 39,500 properties.
HUD homes, sold through sealed bid, are often appealing to investors and first time home buyers, because of their discounted selling price and efficient closing process. In certainly makes $ense compared to renting.
Please read around my blog, there are some great tips for bidding and buying Hud homes and foreclosures.