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Updated over 15 years ago on . Most recent reply

Mike V.'s profile image
Mike V.'s profile image
Mike V.
  • Rental Property Investor
  • from St. Louis, MO
  • Member since Jan 13, 2008
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Mike V.'s profile image
Mike V.'s profile image
Mike V.
  • Rental Property Investor
  • from St. Louis, MO
  • Member since Jan 13, 2008
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Mike V.
  • Rental Property Investor
  • St. Louis, MO
75
Votes |
189
Posts
Foreclosures

HUD rejects offer but tells me what they will take - is this new?

Mike V.
  • Rental Property Investor
  • St. Louis, MO
Posted

I am bidding on my 3rd HUD home and this time when I was rejected they followed up not with a counter offer but with a statement of what they would take if I wanted to bid again. Is this a new development or have they been doing this all along and I never noticed?

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Desiree Frazier's profile image
Desiree Frazier's profile image
Desiree Frazier
  • Residential Real Estate Broker
  • from New Ipswich, New Hampshire
  • Member since Feb 25, 2009
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Desiree Frazier's profile image
Desiree Frazier's profile image
Desiree Frazier
  • Residential Real Estate Broker
  • from New Ipswich, New Hampshire
  • Member since Feb 25, 2009
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Desiree Frazier
  • Residential Real Estate Broker
  • New Ipswich, NH
3
Votes |
26
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Desiree Frazier
  • Residential Real Estate Broker
  • New Ipswich, NH
Replied

I recently went to a class given by HUD and they said that they are now sending back their "bottom line" when they reject an offer.

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