Understanding HUD Extended Listing Period

[Jeff S.]

I've never purchased a HUD owned home before but there is one I may be interested -- not anywhere near the current list price though. It's a UI property in the Extended listing period. The price at which it would be attractive to me would be about 60% of the current list price or about 50% of what is listed for the "as-is" price.

If nobody submits a successful bid, is the property likely to be re-listed at a lower price?

Also, I noticed the time between the "List Date" and the "Period Deadline" is 116 days. Isn't the Extended listing period supposed to be 180 days? Any thoughts as to why the discrepancy?

Thanks in advance!