HUD (Housing and Urban Development) REO Properties

July 29, 2008 by · Leave a Comment
Filed under: National REO Banks 

HUD is a government entity that was created in 1937 to providing housing development for low to moderate income individual & families.

I extensively navigated through the various states.  First thing we noticed was it was not the same website for each state even though a portion of the HUD listings are through one website.  I tried to do all the major cities to see what was available and how well the REO search functioned.

Surprisingly it was very easy to use and fast.  I was enamored to be honest, I found some pretty good deals (TBD) in my opinion with some properties looking pretty good and they were close to the city centers.

There is only residential listings to my knowledge.  With that said, I did see some properties with nine bedrooms.  This looks to be a good find and happy hunting.


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First Preston Management REO Listings

July 28, 2008 by · Leave a Comment
Filed under: Regional REO Brokers 

First Preston is a real estate management firm that handles REO listings for 20 major banks, lending institutions and government agencies.  The are a licensed real estate brokerage in Florida, Georgia, Illinois, Michigan, Missouri, Pennsylvania and Jasper County, Texas.

They have listings in about 2/3 of the states with a listings count on the drop-down menu.  They also have HUD properties and foreclosures as well.  They also have an auction feature where buyers can place bids on real estate.  With so many listings available, I am not sure if buyers are going to want to use an auction format to purchase properties.


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