I accidently bought a house!

[Joe M.]

HUD property. We submitted a bid when the option became available for non owner occupants. I threw the bid down in the dirt, like way down. Essentially my bid price was the valuation of the lot the house sits on. The house isn't in that bad of shape but does need some major work like plumbing, HVAC etc.

Anyhow HUD is supposed to post bid results by 3 pm each day. On the day I submitted my bid we didn't win it as there was no posting on the HUD site. I wasn't terribly surprised because of the low ball offer I put in.

I briefly considered posting a follow up bid but decided against it and moved on. 3 days later I discover that HUD accepted my bid.......

Well it was quite a shock. It's a good thing I didn't push forward with a bid I was preparing for another house. I guess the moral of the story is, if you put a bid in on a HUD house then I wouldn't expect them to follow their rule of posting results "daily"