02-08-2007, 04:22 PM
We tried to get a former HUD home two weeks ago. It was corporate owned, which to best our realestate agent could tell, meant that a company bought an employee out of their mortgage to move them. The asking price was waaaaaaay low considering the size of lot, location and sq ft, but by law a house has to stay on the market for three days. They received several offers OVER the asking price and it sold quickly.