Thursday, May 6, 2010

Dyersburg Area Hud Foreclosure Reduced

A few weeks ago I wrote a post about the house on Cobb Road near Dyersburg coming out as a Hud foreclosure.

This foreclosure has been reduced to $62,550 from $69,500. Did you know that any Hud enrolled real estate agent can pull up the offers submitted on all Hud foreclosures?
There have been several offers for this particular house.

From my experience selling many many Hud foreclosures, the "magic" number that Hud usually accepts is about 92% of list price. Based on that, this property will most likely sell for around $57,546.

Call me if you would like to view and offer on this Hud foreclosure. My direct number is 731-589-7841.

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