How to get below 10% of listing price during the HUD Owner-Occupied period?

[Luis Montanez]

My current plan is to purchase a HUD Owner Occupied property in the $150 to 200k range. I plan to sell my current home (with about $30k in equity) to pay down the mortgage and thus increase my monthly cash flow and decrease my debit to income ratio which will come handy for future deals.

However, my true question is in the subject of this post, I have submitted a few HUD offers for Owner-Occupied properties at 30% below the listing price and HUD has counter offer at 10% below the listing price. Is there a way to get the home at a lower that 10% during the Owner-Occupied period?

[Randy King]

@Luis Montanez

Their counter offer is a net price to HUD and is (usually) the lowest they will take for the next Bid Open Date. You can resubmit your offer for each Bid Open Date.