THE BIDDING PROCESS
HUD homes are available for sale through an online bidding process. New HUD listings are available on a daily basis, and for the first 30 days of the initial bidding period HUD homes are available only to owner-occupant bidders. However, if they are not FHA insurable the 1st day they are available to all parties bidding.
After the first 30 days, bids by the general public will be accepted. After the initial 15 day bidding period, HUD reviews owner occupant bids on a daily basis and will accept the bid that offers the highest net to HUD. After 30 days HUD will review offers from investor purchasers.
HUD will accept less than the listing price. With years of research and expertise, KING of HUD can help you determine the lowest acceptable bid for any HUD home and potentially save you thousands on your investment.
Only approved real estate agents may submit an online bid for a HUD home. If you are considering purchasing a HUD home we can connect you with a HUD specialist in your area today!
Contact us toll free to learn more about HUD homes in your area 1-(855) 373-5478