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Updated over 11 years ago on . Most recent reply

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41
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1
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Keerthi A.
  • Buffalo Grove, IL
1
Votes |
41
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HUD Bidding - Cash vs Loan Offers

Keerthi A.
  • Buffalo Grove, IL
Posted

Would HUD prefer a lower value cash offer vs a much higher offer using loan. Or is it highest offer irrespective of the funding.

Lets say, a property is listed at 50K. Would HUD pick up an offer of 52K cash vs 55K loan.

I know cash offers are preffered in the regular REO sales. But how does HUD deal with selecting the offers.

Please share your experiences.

Most Popular Reply

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1,456
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Patrick L.
  • Real Estate Investor
  • Saint Petersburg, FL
951
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1,456
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Patrick L.
  • Real Estate Investor
  • Saint Petersburg, FL
Replied

HUD will take the offer that results in the highest net to HUD. No preference is given to cash.

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