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Updated over 7 years ago,
Re-Bidding on HUD Homes
Hi Everyone,
I had my agent place a bid on a HUD home on Thursday June 29th and the exclusive bidding period for the home closed the very same night. The next day the listing was gone from the website and I didn't hear anything until Wednesday the 5th when my agent told me that the seller had accepted another offer. Well yesterday the home was relisted for owner occupants with a bidding period set to expire at midnight tonight.
Do I need to place another offer to be considered, or will my last offer be kept and considered once the bidding period closes? I've texted my agent and left him a voice mail about it, but he hasn't gotten back to me yet. Please send your HUD wisdom!