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  • Exclusive Sealed Bid: Maria Nowling 704-458-1119 Find Me On Facebook at Buy A House in Charlo7e, NC

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    Maria Messina Nowling
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    The document discusses the process for bidding on HUD homes. It explains that there is initially an exclusive sealed bid period for owner occupants lasting 11 days. If no bid is accepted, an exclusive daily bidding period then opens for owner occupants over the next 20 days. Finally, if still no bid is accepted, bidding extends to all bidders, including investors, for the remaining period.

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    HUD Homes

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    The document discusses the process for bidding on HUD homes. It explains that there is initially an exclusive sealed bid period for owner occupants lasting 11 days. If no bid is accepted, an exclusive daily bidding period then opens for owner occupants over the next 20 days. Finally, if still no bid is accepted, bidding extends to all bidders, including investors, for the remaining period.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    11 views1 page

    Exclusive Sealed Bid: Maria Nowling 704-458-1119 Find Me On Facebook at Buy A House in Charlo7e, NC

    Uploaded by

    Maria Messina Nowling
    The document discusses the process for bidding on HUD homes. It explains that there is initially an exclusive sealed bid period for owner occupants lasting 11 days. If no bid is accepted, an exclusive daily bidding period then opens for owner occupants over the next 20 days. Finally, if still no bid is accepted, bidding extends to all bidders, including investors, for the remaining period.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    A HUD home is a 1 to 4 unit residenal property acquired by the U.S.

    Department of Housing and Urban Development as a result of a foreclosure acon on an FHA insured mortgage. HUD becomes the property owner and oers it for sale to recover the loss on the foreclosure claim. If you would like to place a bid on a HUD home, it is important to understand the informaon below. Once a HUD home is listed for sale...

    This period is referred to as

    EXCLUSIVE SEALED BID


    Owner Occupant This period is referred to as

    You may only bid on the home if you are planning on living in the home as your primary residence. HUD will not look at any oers unl the 11th day.

    EXCLUSIVE DAILY BIDDING


    Owner Occupant

    If an oer is not chosen on the 11th day, it moves into daily bidding. HUD will review oers on a daily basis for the next 20 days.

    This period is referred to as

    EXTENDED
    All Bidders

    If an oer is sll not chosen by the 30th day, the bidding is opened up to all bidders including investors. HUD will review oers on a daily basis.

    Maria Nowling www.MariaNowling.com Maria.Nowling@allentate.com 704-458-1119

    Find me on facebook at Buy a House in Charloe, NC

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