Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Bidding on a HUD home in Northern KY? New info you need to know...
When a HUD home comes out on market, the asking price is usually the FHA appraised value of the property.  Lately, we are starting to see an exception to this norm in the Northern KY area, so buyers will need to be on alert!
When viewing the property on the main page of the official HUD website at www.hudhomestore.com, you will need to note what is listed in the "AS IS" section on the main page.  If the price here is noted as "$0", then chances are that the listed price is HIGHER than the FHA appraised value!  Let me repeat that, because this is the real news....if the price listed in the "AS IS" section of the main page on HUD's website is noted as "$0", then chances are that the listed price is HIGHER than the FHA appraised value!
In order to find out the current FHA appraised value, you will need to look up the "property condition summary" report on HUD's website. (It would be good to start doing this for all HUD homes just to make sure of the actual appraised value.)  Look towards the bottom of this report and you will find the amount noted with an "AS IS" value. This is the number you need to ... more

__________________________________________________
Are you on The Rain? Grow Your Network!