Questions about wholesaling Homepath.com homes

[John A.]

Hello,

I am still a little new to the world of real estate. I got my first property under contract (HUD Home) and getting ready to double close on it next week. I seen some stuff about homepath in another thread and decided to take a look at it for myself. It seems like noone really uses their website to buy and sell properties. I just have a few questions about how their system works. Does homepath drop the prices the same way HUD does?(ex. 10%), how much is the earnest fee?, how much will they accept off list price?, how long does it take for homepath to respond to my offer and will they counter?

If you have any experiences feel free to share because it will help me when I have to start putting in offers!