What's the lowest you've seen HUD go?

[Account Closed]

What's the lowest percentage of the asking price you've seen HUD accept? I'm looking at a flip property but would need to buy it for about 50% of the asking price to make it work.

They're asking $35,000

My numbers would look like this:

Purchase price = $17,350

Repairs = $15,000

Sale Price based on comps = $55,000

Commission = $1,650

Seller Concessions = $1,000

Profit = $20,000

Any thoughts on the likelihood of getting a 50% offer accepted?