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Updated about 12 years ago on . Most recent reply

Trey Leigh's profile image
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Trey Leigh
  • Real Estate Investor
  • from Uvalde, Texas
  • Member since May 12, 2012
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Trey Leigh's profile image
Trey Leigh's profile image
Trey Leigh
  • Real Estate Investor
  • from Uvalde, Texas
  • Member since May 12, 2012
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Trey Leigh
  • Real Estate Investor
  • Uvalde, TX
6
Votes |
74
Posts
Foreclosures

HUD question

Trey Leigh
  • Real Estate Investor
  • Uvalde, TX
Posted

How long does a HUD property have to be listed for them to take something lower than 85% of asking price? I recently bid on a HUD home that was 29K, they countered with $24650 (which is 85%). It is in the "extended" period and bids are opened on a daily basis. How long till their formula allows them to go lower?

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Shane Woods's profile image
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Shane Woods
  • Real Estate Agent
  • from Weatherford, Texas
  • Member since Aug 14, 2011
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Shane Woods's profile image
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Shane Woods
  • Real Estate Agent
  • from Weatherford, Texas
  • Member since Aug 14, 2011
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Shane Woods
  • Real Estate Agent
  • Weatherford, TX
284
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726
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Shane Woods
  • Real Estate Agent
  • Weatherford, TX
Replied

Here's a great thread about this... Hope it helps

http://www.biggerpockets.com/forums/20/topics/67127-understanding-hud-extended-listing-period

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