NEW TO THE GAME - Intersted in a property "HUD Home"

[Jose Estrada]

I'm new to the BP/world... From Chicago!
I'm absorbing everything, and now I have a property that is listed as a HUD HOME.

Can someone shed some light on these items? 

"Seller may contribute up to 3% for buyer's closing costs, upon buyer's request. EHO, Insurability Code: IE, subject to appraisal"
I understand the first sentence.. but the rest is foreign language...

Also, the listing has "Please see agent remarks for offer submission instructions" but I couldnt find any on the listing...

Please advise,