Comments on: Four HUD Home Bidding Tips for Real Estate Investors http://www.columbusohiohudhomes.com/hud-how-to/four-hud-home-bidding-tips-for-real-estate-investors Columbus HUD Homes, Bank REO's and Shortsales for Sale in Central Ohio Mon, 23 Jan 2012 17:57:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: admin http://www.columbusohiohudhomes.com/hud-how-to/four-hud-home-bidding-tips-for-real-estate-investors/comment-page-1#comment-59 admin Wed, 02 Feb 2011 02:46:50 +0000 http://www.columbusohiohudhomes.com/?p=248#comment-59 David, the exclusive owner occupant period is 30 days if the property is FHA insurable (IN) or FHA insurable with escrow (IE). For properties that are listed as FHA uninsurable (UI), meaning that they need more than $5,000 in work to bring them into FHA acceptable condition, investors can already submit offers on day 6 of the listing . During the time period a property is offered for owner occupants only, investors CAN NOT submit a bid. They are not eligible yet. You will have to wait till the listing opens up to all bidders. David, the exclusive owner occupant period is 30 days if the property is FHA insurable (IN) or FHA insurable with escrow (IE). For properties that are listed as FHA uninsurable (UI), meaning that they need more than $5,000 in work to bring them into FHA acceptable condition, investors can already submit offers on day 6 of the listing .

During the time period a property is offered for owner occupants only, investors CAN NOT submit a bid. They are not eligible yet. You will have to wait till the listing opens up to all bidders.

]]> By: David Joels http://www.columbusohiohudhomes.com/hud-how-to/four-hud-home-bidding-tips-for-real-estate-investors/comment-page-1#comment-58 David Joels Tue, 01 Feb 2011 05:30:54 +0000 http://www.columbusohiohudhomes.com/?p=248#comment-58 With HUD having a 30-day waiting period for investors, do you think it's better for an investor to submit their bid well before the 30 day period is over, or wait until until the first eligible day? That is, do you think the asset manager is more likely to try to hold off accepting a lower owner-occupied offer if a much better investor offer is waiting in the queue? Or is the asset manager more likely to push through a (lower) owner-occupied offer during the 30-day period knowing that an investor will likely get it otherwise. With HUD having a 30-day waiting period for investors, do you think it’s better for an investor to submit their bid well before the 30 day period is over, or wait until until the first eligible day? That is, do you think the asset manager is more likely to try to hold off accepting a lower owner-occupied offer if a much better investor offer is waiting in the queue? Or is the asset manager more likely to push through a (lower) owner-occupied offer during the 30-day period knowing that an investor will likely get it otherwise.

]]> By: Susanne Novak http://www.columbusohiohudhomes.com/hud-how-to/four-hud-home-bidding-tips-for-real-estate-investors/comment-page-1#comment-30 Susanne Novak Mon, 14 Jun 2010 15:23:59 +0000 http://www.columbusohiohudhomes.com/?p=248#comment-30 Hi Nhan, thanks for contacting me. Yes, you can and you should view these properties before placing an offer. You will need to work with a HUD registered real estate agent just like myself. Only HUD registered agents can submit an offer on your behalf. Let me know if you have further questions! Hi Nhan, thanks for contacting me. Yes, you can and you should view these properties before placing an offer. You will need to work with a HUD registered real estate agent just like myself. Only HUD registered agents can submit an offer on your behalf. Let me know if you have further questions!

]]> By: Nhan (Yen) http://www.columbusohiohudhomes.com/hud-how-to/four-hud-home-bidding-tips-for-real-estate-investors/comment-page-1#comment-29 Nhan (Yen) Mon, 14 Jun 2010 05:30:59 +0000 http://www.columbusohiohudhomes.com/?p=248#comment-29 This was very helpful. I didn't think about looking at HUD homes. After reading your article I am now. How can we go see the houses before placing the bid? Do we need to get an agent involve or do they provide one? Thank you. This was a great article. This was very helpful. I didn’t think about looking at HUD homes. After reading your article I am now. How can we go see the houses before placing the bid? Do we need to get an agent involve or do they provide one? Thank you. This was a great article.

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