investors: Going, going, gone! HUD Bid Periods
- 11/22/10 04:53 AM
A while back I wrote several posts about the HUD home buying process. HUD did an overhaul of the way they do business and some of those points are no longer valid. Most of the changes aren't anything that the typical buyer would even notice but some things are a good bit different. Bid periods are one of those. New HUD listings used to be posted on Tuesday & Friday, now they can be listed any day of the week (big deal, right?). The biggest change is the period which is open to owner occupants only. HUD is firmly committed … (1 comments)
investors: Going, going, gone!
- 07/01/10 09:01 AM
Bid periods are yet another point of confusion in the ongoing quest to buy a HUD home in Chattanooga. New HUD listings are posted on Tuesday's & Friday's each week with a 10 day bid period. During the bid period offers are submitted online by authorized HUD agents and can be from either owner occupants or investors. At the end of the bid period, all owner occupant (OO) offers are considered first. If there are one or more acceptable offers from OO's, the highest of these will be accepted. If there is NO acceptable offer from an OO, investor bids will … (1 comments)
A while back I wrote several posts about the HUD home buying process. HUD did an overhaul of the way they do business and some of those points are no longer valid. Most of the changes aren't anything that the typical buyer would even notice but some things are a good bit different. Bid periods are one of those. 
;)
;)
