Bidding on a HUD Home is really simple. To understand when a buyer can submit a bid follow guideline below.
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For Insured (IN or IE)
Listing Period | Eligible Bidders | Period Duration | Bids Opened |
Lottery | GNND | 7 days | 8th day |
Exclusive | O, NP, GOV | 15 days | 11th day, then daily |
Extended | O, NP, GOV, I | List date + 180 days | Daily |
Dollar | GOV | 10 days | Daily |
Extended(no time limit) | O, NP, GOV, I | No time limit | Daily |
For Uninsured (UI)
Listing Period | Eligible Bidders | Period Duration | Bids Opened |
Lottery | NP,GOV, GNND | 7 days | 8th day |
Exclusive | O,NP, GOV | 5 days | 6th day |
Extended | O, NP, GOV, I | List date + 180 days | Daily |
Dollar | GOV | 10 days | Daily |
Extended (no time limit) | O, NP, GOV, I | No time limit | Daily |
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(O)= Owner Occupant | (I)=Investor | (NP)= Non For Profit | (GOV)= Government Agencies