HUD Counter Offer Process

[Haider Zaman]

Hey BP Family,

I have a question regarding a HUD property that I am bidding on. I placed a bid on a HUD property of around 66% of list price. Just received an email from HUD saying they are putting a counter offer process in place for 80% (only offers over or at 80% will be considered).

I am fairly new to the HUD wholesaling process, so I have a question. Considering they just sent an email saying that they wont consider anything below 80%.. is this the lowest HUD is willing to go? Or is this email a generic email that is sent and if they get no bites, then they will re-allow lower bids?

Any guidance you all can provide would be greatly appreciated.

Thank you,

Haider