HUD Investors - Posted by BR2

import · February 23, 2001, 3:10pm

Posted by Richard Bleuze on February 23, 2001 at 17:48:55:

That’s been the policy in Southern California for years!

import · February 23, 2001, 3:10pm

Posted by BR2 on February 23, 2001 at 16:10:16:

I was talking to a realtor the other day and was told that HUD now requires proof of funds on cash purchases. Is she confusing this with Fannie Mae or did HUD make a change.

Thanks.

import · February 24, 2001, 10:56am

Re: HUD Investors - Posted by Ron (MD)

Posted by Ron (MD) on February 24, 2001 at 11:56:47:

I bought a HUD property about a month ago, in Maryland. It was a cash deal and no proof of funds was asked for or given.

In Maryland, HUD has not asked for proof of funds for at least three years…which is how long I have been (occasionally) buying HUD homes.

Ron Guy

import · February 24, 2001, 9:29am

Re: HUD Investors - Posted by Nate

Posted by Nate on February 24, 2001 at 10:29:43:

As far as I know, in my area (DC/Maryland), that has always been the policy.

import · February 23, 2001, 7:58pm

Re: HUD Investors - Posted by Rob FL

Posted by Rob FL on February 23, 2001 at 20:58:53:

This has been the policy in Florida for quite some time too.