HUD Home of The Day Only $100 Down Payment

Listing Bid at $98,000

This beautiful home is currently available in Henry County.  It was built in 2007 and has 5 bedrooms and 3 full baths.   What a great opportunity to move into a nice home. 

Homes listed by HUD have a Bidding period.  Basically meaning that they list the home on a certain date and then give prospective buyers any where from a few days to a few weeks to place a bid on the home.  You (via your HUD approved Real Estate agent) can bid any amount that you like however HUD is not obligated to accept the BID.  If you BID on a home that is a NEW listing for HUD and your BID is "acknowledged" meaning accepted by HUD you can receive a $1,000 bonus at closing if you plan on being an owner occupant. 

Once the Bidding has ended HUD will choose the highest and best bid.  Clients have asked me "what if my bid amount is the same as another buyer?"  HUD will typically resolve this issue by awarding the bid to whomever placed their bid first.  So even though the bidding period may end at a certain time & date.. you feel "what's the rush".. my suggestion would be to get your bid in as soon as you want the property, because you could lose it just because someone else placed their bid before yours!