Illinois HUD Home Learning Center christian.chase@mychaseagent.com
November 29, 2013

Bidding Periods


 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

 

 

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