How long does it take for a Bank Owned Property to be listed on HUD.gov?
Wednesday, July 28th, 2010 at
10:26 pm
I have found a house that has gone through the foreclosure process and is now bank owned or REO. Called the bank, which said it is an investment property. Got the contact information and was told the house is going to HUD. The house is not listed on HUD.gov. So, how long will it take for the house to be listed on HUD.gov?
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Tagged with: property
Filed under: REO Lists
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I’ve seen some HUD properties languish for over six months before all the necessary paperwork is completed for the house to be listed. Don’t expect that it will only take a week or two. It all depends on what issues need to be clarified before the house is approved for sale.
It can take months, they update the list every Friday morning.