How HUD comes up with final bid price

[Shawn Thom]

When I bid on HUD homes and loose (which is everytime), i like to go back and see what the winning bid was. Do you know how they come up with that number? I seem to remember JScott or someone breaking down what they post as the final number.

For example, i bid on a house with $44,500 as my bid. Winning bid shows to be $41,500. At first glance, i should have won. if i remember right, HUD backs out commissions and closing costs since you can say what you will and won't pay for when you place your bid.

Anybody know the right answer?  i am trying to get better on my bidding.