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Updated over 11 years ago on . Most recent reply
HUD Bidding - Cash vs Loan Offers
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
HUD will take the offer that results in the highest net to HUD. No preference is given to cash.