HUD Auctioning 150 FHA Foreclosures in Phoenix Area to Owner Occupants with $100 Down.

ABC15.com story on March 26th auction is HERE; list of homes HERE. Relatively uncommon I think for HUD to use auctions to sell homes in bulk. 

$100 down is good sales tool, but didn't excessive leveraging help cause problem in first place? [Would be fascinating to track future sales / foreclosures on these units to see if flips/ foreclosures happen; the 1 year owner occupancy pledge has often not been monitored/ enforced by HUD].

Originally created and posted on the Oregon Housing Blog.