Transition plan for remaining HUD Homes

As of 10/13/10, all remaining HUD Homes in Indiana being marketed through HMBI will have a 15 day bid period.  On 10/28/10 all bids will be opened and evaluated.  Unlike the old system where bid results are posted on the afternoon of the next business day, they expect that results will be delayed by a few days.  There are expected to be about 170 homes in Indiana that will be subject to this 15 day bidding period.

Listings will continue to be posted under the new selling system.  There are currently 8 homes listed under the new system.  Those can be found at hudhomestore.com.  The majority of HUD Homes under the new system will have a 30 day owner-occupant priority period.

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