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Updated over 6 years ago on . Most recent reply

Jeff M.'s profile image
Jeff M.'s profile image
Jeff M.
  • Rental Property Investor
  • from Phoenix, AZ
  • Member since Mar 29, 2016
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User Stats

11
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1
Votes
Jeff M.'s profile image
Jeff M.'s profile image
Jeff M.
  • Rental Property Investor
  • from Phoenix, AZ
  • Member since Mar 29, 2016
Connect
Jeff M.
  • Rental Property Investor
  • Phoenix, AZ
1
Votes |
11
Posts
Foreclosures

Hud bidding strategy

Jeff M.
  • Rental Property Investor
  • Phoenix, AZ
Posted

I have a bid in on a HUD house with a Monday at midnight deadline. This house just had a 20% reduction and an increase in activity this weekend. I believe there will be multiple bids placed. If a buyer is allowed to pass after a winning bid by not submitting the contract to HUD, is he/she allowed to bid again the next day? If so, why not bid high, win and then cancel and rebid before the rest of the buyers catch on?

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