Pending Sales of Government-Owned REOs May Experience Delays

Buyers of REO homes owned by HUD may have their closing dates pushed back after this Friday, but the federal agency says any delays will be brief.

Rumors have circulated from various corners of the industry that HUD is planning a moratorium on REO sales expected to close after the end of this week, but a spokesperson for the government agency stressed to DSNews.com, “HUD is not suspending sales of HUD REO properties on November 5th or any other time. HUD’s new asset managers will continue to list and sell HUD homes.”

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