Listing Time Lines For HUD Homes Listings

New HUD Homes Listings come on the market mostly once a week across the country.

During the Initial listing period, bids may be submitted by Owner Occupants only during the first 10 calendar days.

HUD prefers that Buyers be owner-occupants because they are most likely to take care of their property than renters, thus improving the neighborhood.

Owner Occupant Priority Period.

All Owner-Occupant offers received during this 10 day Exclusive Listing, shall be considered to have been received simultaneously. In order to be valid for the period, bids must be completed and confirmed on the Internet. Of course, you need an experienced real estate agent to submit the bid.

Owner-Occupant bids will be opened and reviewed and the highest acceptable net bid to HUD will be selected. Bids will be reviewed and posted at 1:00 p.m at the conclusion of the 10 day Exclusive listing period. Sometimes it is after 1:00 P.M.

General Public Bid Period

At the conclusion of the 10-day Exclusive Listing Priority Period, all general public bids on the HUD HOMES LISTINGS will be accepted. These bids will be reviewed and the highest acceptable net bid to HUD will be selected.

In the event the HUD HOMES LISTING remains unsold after these bid openings, daily bids received by 11:59 p.m. will be reviewed and results will be posted the next day at 1:00 p.m.

Bids received on the same day shall be considered to have been received simultaneously.

Friday, Saturday and Sunday bids will be reviewed simultaneously on Mondays at 1:00 p.m., and the highest acceptable net bid to HUD will be selected.

In the event the HUD HOMES LISTING remains unsold, the bids (Owner-Occupant and General Public) will be reviewed and posted daily at 1:00 p.m. and the highest acceptable net to HUD bid will be selected.

This HUD HOMES LISTING will remain in effect until the listing has been sold or withdrawn from the market to be reanalyzed.

Bids must be completed and confirmed on the Internet before 11:59 p.m. in order to be valid for that day and will be opened the next day excluding Friday, Saturday and Sunday which will be opened on Monday.

Brokers must submit bids through Internet bidding at the M&M Contractor's website.

Multiple Bids on HUD Listing

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