Foreclosure in 47129>Question Details

Navife, Real Estate Pro in Corydon, IN

Do HUD forclosures typically decrease is cost after 30 days on the market?

Asked by Navife, Corydon, IN Mon Oct 10, 2011

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It depends on the asset manager's review of the property and the bank's financial position on the property, but generally they will review the marketing activity and make adjustments as needed at about 30 days on the market. Those adjustments may not be a price adjustment though....it may be repairs, buyer incentives, agent incentives, ect.
1 vote Thank Flag Link Mon Oct 10, 2011
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