real estate


Question by  sontiano7 (1)

Why didn't HUD accept my bid?

I bid $3500 over the asking price. Turns out they accepted to owner-occupied bids and opened it to investors.


Answer by  malone (4817)

The best source of info on why HUD didn't accept your bid is HUD. There are so many variables and factors involved that it's impossible to extrapolate. call hud.


Answer by  patti (29325)

Contact the HUD office where you submitted your bid. There may have been something wrong with your submission, and it would be helpful to know what that was if that's the case. Only HUD can explain to you why your bid was not accepted.


Answer by  heatherbooboo (655)

Hud is government and they do what ever they want basically. There is no good answer to why you lost, except maybe the others had cash and could close more quickly than you.

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