HUD counter offer

[Matt Taschner]

We recently bid on a HUD property. They initiated the counter offer process on the property, but the counter net is more than we feel we should go on this one. Has anyone had any luck getting a bid accepted that is lower than the minimum acceptable net to HUD? For example, if no one else bids on the property or it stays on the market longer than the bid window and they do not accept an offer?

[Dell Schlabach]

We have purchased many hud properties including numerous ones where they "countered" and we did not accept the "minimum net to hud" sometimes a week to a month later they accepted the last offer we had submitted.