On Sept. 17 there were no new HUD listings in Indiana on a Friday for the first time in years. HUD is transitioning to new companies to assume responsibilities for the management and sales process for HUD Homes. HMBI will be phasing out in the coming weeks. There are some very imortant things for home buyers to know about this transition: As of present, all available HUD Homes in Indiana have gone through the ten day owner occupant priority period, so any remaining homes can receive bids from either investor or owner-occupant buyers. (We expect that number of homes available to investors in Indiana to be close to 400 and decreasing each day as these homes are sold.) In the future, as new Asset Managers start the sales of HUD Homes, there will be longer owner-occupant priority periods...
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