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491-900609 1294 Sandy Oaks Quinlan Tx 75474. Listed 2/17/2016 Accepted 2/29/2016. List Price $80000 Net to HUD $70500 Percentage 88.125. These are a few examples that 90% is not the number. Additionally, I received a counter of 83% today on a once reduced property today.
Submitted a 300k bid on a HUD home and they countered. My original bid included 10k for closing, 10k to the sellers agent, 10k to the buyers agent. After subtracting that, "net to HUD" amount was 270k, and it needed to be at a reserve/minimum of 290k to be accepted. This means I would need to submit a counter bid at 320k (20k higher than ...
The cost for the extension is as follows: purchase price is equal to or less than $25,000 you have to pay a $150 extension fee ($10 per day) for 15 days. $25,000.01 to $50,000 is a $225 fee ($15 per day) for 15 days. $50,000.01 and over is a $375 fee ($25 per day) for 15 days.
Tulsa, OK. Posted Jul 9 2017, 10:05. I am considering bidding on a property at the HUD Home Store website. Can someone with experience tell me what I should expect the winning bid to be? Obviously every deal is different, but if it is listed for $100K and I bid, for example, $90K what are my chances?
Elizabeth O. Poster. Investor. Fairfax Station, VA. Posted about 10 years ago. I am not very patiently waiting for an exclusive period to end so I can place an investor bid on a hud home. The bid open date keeps changing. Does anyone know why? The other day it said it was open 10/14 then on 10/14 it said 10/15, but today it says that its open ...
Uninsured properties tend to go at lower prices than Insured properties. 3. Properties breaking 30 day periods like 30/60/90/120 have the greatest threshold points. 4. If bidding on weekends, bid on Saturday early, for HUD is open and closed on Sunday. Once they accept they never look any further. 5.
I'm wondering when bid results actually get published to the Hudhomestore website. I've read it's "after closing" but is that true? Like will it reallI'm wondering when bid results actually get published to the Hudhomestore website. I've read it's "after closing" but is that true? Like will it reall
Use a HUD-approved real estate agent. Buying a home listed on the HUDHomestore website restricts the type of agent you can use. The real estate agent or broker must be HUD-approved to submit a bid. 5. Limited HUD housing stock. Compared to MLS, there are relatively few foreclosures for sale. For example, many states have fewer than ten ...
HUD has the same bid periods in the entire country but they can vary according to property type. 1. FHA insured homes have a 30 day owner occupied bid period. Included in that 30 days is a 10 day initial bid period. HUD reviews bids the next business day after the initial 10 days and if no bid is accepted the review bids every business day from ...
Posted Jul 28 2015, 10:04. Hello, Looking at bidding on a HUDproperty. My understanding is that once a bid is placed, you can see from your confirmation number "xxx--002, xxx--008 etc" how many previous bids were placed, is this correct? Is it possible to see this BEFORE actually placing a bid? If not, is it possible to place a bid, and then if ...