Kim Novak's Utah Real Estate Blog: Where are the HUD Homes?

News, Trends & Discussions About The Real Estate Market in Northern Utah

Where are the HUD Homes?

I just completed a search of our MLS (the Wasatch Front Regional MLS) and found 56 actively listed HUD owned home listings.

Given that, according to RealtyTrac®, 1 in every 259 housing units in Utah received a foreclosure filing in October 2010, it seems that something is missing.

Here's the scoop ...

HUD is in transition regarding their sale and marketing of HUD owned homes (FHA home loan foreclosures). They have created a centralized marketing website at www.HUDhomestore.com. This new site was implemented for the Denver Region, under which Utah falls, on September 13th of this year and is in the process of transitioning/eliminating it's former sales entity (McBreo).

For more information on these changes, click here.

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Kim Novak is a Realtor® and Broker Associate with RE/MAX Masters in Salt Lake City and Layton, Utah. Licensed in 1995, Kim has closed over 500 sales during her full time real estate career and achieved industry recognition as a Lifetime SalesMaster and member of the RE/MAX Hall of Fame. She holds a BSBA with an emphasis in Sales & Marketing and has achieved the following designations/certifications:

ABR: Accredited Buyer Representative, AHWD: At Home with Diversity, CDPE: Certified Distressed Property Expert, CHS: Certified HAFA Specialist, CRS: Certified Residential Specialist, CSP: Certified New Home Sales Professional, ePRO: Internet Professional, GRI: Graduate of the Realtor® Institute, SFR: Short Sale & Foreclosure Resource, SRES: Seniors Real Estate Specialist

0 commentsKim Novak, REALTOR® • November 17 2010 04:13PM

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