Wholesaling
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago,
HUD Counter Offer Process
Hey BP Family,
I have a question regarding a HUD property that I am bidding on. I placed a bid on a HUD property of around 66% of list price. Just received an email from HUD saying they are putting a counter offer process in place for 80% (only offers over or at 80% will be considered).
I am fairly new to the HUD wholesaling process, so I have a question. Considering they just sent an email saying that they wont consider anything below 80%.. is this the lowest HUD is willing to go? Or is this email a generic email that is sent and if they get no bites, then they will re-allow lower bids?
Any guidance you all can provide would be greatly appreciated.
Thank you,
Haider