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Updated over 10 years ago on . Most recent reply
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HUD home: Why does open bid date keep changing?
I am not very patiently waiting for an exclusive period to end so I can place an investor bid on a hud home. The bid open date keeps changing. Does anyone know why?
The other day it said it was open 10/14 then on 10/14 it said 10/15, but today it says that its open 10/16? It says that it was listed 10/1.
Today would put me at the 15 days but has anyone else seen this happen? My realtor seems to not know whats going on which worries me as she said she has done HUD bids before. She has tried to place the bid at midnight for the past two days.
I've been in the house and know its the one I want and I don't want to lose out on it due to screwing up the bid.
Thanks so much for any advice.
Most Popular Reply
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Originally posted by @Bill Sargeson:
From time to time I thought I have seen them extend the offering periods to owner occupants..but I might be wrong....has anyone seen that?
Only if a bid is accepted in the owner occupant period and that bids falls out. When the home comes back on the market the owner bid period will be extended as if the bid periods were stopped for when the home was under contract.