Wednesday, February 18, 2004

HUD to sell houses in special auction

The Department of Housing and Urban Development will sell up to 4,000 homes acquired through foreclosure in the continental United States. This special auction will take place on February 27-28.

Properties are now listed on the HUD website. Auction bids are submitted on February 27-28.

To participate in the auction, go to the HUD website (www.hud.gov) and search by state.

The auction begins on February 27 at 10 am (Eastern time) and ends on February 28 at 11:59 pm. Bid results will be announced on February 29, on the websites where the properties were listed.

All properties will be sold on an "as is" basis, without warrantee or guarantee. These properties were previously sold with FHA insurance and received by HUD as a result of foreclosure by a lender and payment of the related FHA insurance claim to the foreclosing lender.

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