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Updated over 10 years ago on . Most recent reply

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16
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1
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Gavin E.
  • Rental Property Investor
  • Denver, CO
1
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16
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HUD Right of Refusal

Gavin E.
  • Rental Property Investor
  • Denver, CO
Posted

If putting a bid for an owner-occupied HUD home, will I still have a right of refusal if once the bid is accepted my home inspector does not like what he finds?

Thanks!

Most Popular Reply

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10,169
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Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
4,921
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10,169
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Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
ModeratorReplied

You should have an inspection period, I believe it's 10 days with HUD, in which case you can get your EMD back if the inspector finds something.

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