Here’s how it happens. HUD homes are usually FHA foreclosures. This one was on a reverse mortgage. It was free and clear before she took the reverse mortgage in 2004 so she didnt owe all that much. My guess is no heirs and the lender just wants their money back so its priced at what they need to do that. The market will decide how much it actually sells for. Actually could end up wioth someone getting a deal because of situation and timing. Nothing slimy on the surface.
