What are the listing periods for HUD Real Estate Owned (REO) properties on the HUD Homestore website?

HUD Real Estate Owned (REO) Properties offered for sale on the HUD Homestore website may appear in one of four listing periods:

1. Lottery Period (“Lottery”)
2. Exclusive Listing Period (“Exclusive”)
3. Extended  Listing Period (“Extended”)

4. Dollar Homes – Government Sales (“Dollar”)

Lottery Period
The Lottery Period is a direct sale period in which Governmental Entities, HUD-approved Nonprofits, and Good Neighbor Next Door (GNND) participants may submit bids equal to the list price, for HUD REO Properties.
 
Exclusive Listing Period
The Exclusive Listing Period is a competitive listing period in which only eligible Governmental Entities, HUD-approved Nonprofits, and Owner-Occupant Buyers may submit bids on REO properties.
 
Extended Listing Period
The Extended Listing Period is a competitive listing period during which all  buyers, may submit bids on HUD REO Properties.
 
Dollar Homes – Government Sales
The Dollar Homes-Government Sales Program is a direct sales program through which eligible Governmental Entities may purchase certain HUD REO Properties.

To view a specific property’s Listing Period, search for the property on the HUD Homestore website at http://www.HUDHomestore.com
The Listing Period is included on the Search Results Screen.

To see the eligible bidders/buyers for the specific property, move your cursor over the question mark next to the property Listing Period.
 
For additional information please contact the Asset Manager with jurisdiction over the property.  To locate contact information for the Asset Manager please visit the HUD Homestore website at https://www.hudhomestore.com/ and click “Help” in the gray tool bar.
 
For policy information see Handbook 4000.1 Sections IV.B.2.f.iv.-viii. at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh
 
 

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-02932