| |
The Bidding Process Friday's at Noon ET
- Weekly HUD property list is published
- We will show HUD properties at any time
- We will get you a FREE, NO-OBLIGATION financial Pre-Qualification
- For Serious Bidders - Our team Will Run a "Competitive Bid Analysis" to determine the optimum bid price
Tuesday's at Midnight ET
- All bid's must be submitted by HUD registered Real Estate agent
Wednesday's by 4:00 PM ET
- Bids are opened and reviewed by HUD agent
- Accepted bids are posted on the Internet
Winning Bids (This Could Be You!)
Earnest money is deposited with real estate broker Completed Bid package is overnighted to HUD agentIf sales package is complete and correct, sales contract is accepted by HUD
Within 60 days of HUD Accepting the Contract
- Title Company initiates closing process
- Buyer secures financing
- Buyer has the option of completing a home inspection
- Sale closes at title company
- Buyer takes ownership
If a Property Is Not Bid On
- It remains on the market with bids being accepted daily
- Eventually if the property does not sell to an "owner-occupant" the property will then likely be opened up to all bidders
| |
