buying Hud homes

[Dan Ossman]

I am looking for investment properties in the columbus ohio area. the agent that I am working with is not available today and I want to put some offers on a few hud properties. The bidding period ends today so i need to offer before midnight. Is there a way for me to offer with out going through an agent? 

[Greg H.]

@Dan Ossman

The answer is No.  You can only place bids through an agent who has an NAID number.  It sounds to me like you like you are looking at the Exclusive period deadline which means that only owner occupant bids would be considered.  If no acceptable bids are placed during that period, it will enter the Extended period which enables investors to bid on the property.  Bids are then considered on a daily basis excluding weekends and holidays

@David Panzera

You received some bad information during your conference call.  The is no "drop down" list and only agents with an NAID have access to place bids.  Additionally, there is no real benefit to placing bids every day as you can select to hold your offer as a backup allowing it to be reconsidered at a future date.