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Updated over 11 years ago, 10/03/2013

Keerthi A.'s profile image
Keerthi A.'s profile image
Keerthi A.
  • from Buffalo Grove, Illinois
  • Member since Jul 28, 2013
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User Stats

41
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1
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Keerthi A.'s profile image
Keerthi A.'s profile image
Keerthi A.
  • from Buffalo Grove, Illinois
  • Member since Jul 28, 2013
Connect
Keerthi A.
  • Buffalo Grove, IL
1
Votes |
41
Posts
Foreclosures

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.
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