HUD EMD
I recently place an offer with HUD and it was accepted. After HUD received the contract, POF and EMD they decided my pof would not work for them. They wanted a notarized letter or bank statement with available funds which I didn't have. Will they return my EMD?!?
Most times they will accept 92% - 86% of listed price as soon as it is listed. The following morning they will give your realtor a counter offer if they do not accept your offer. I would offer 80% - 86% to find if they will accept it, but at 80% they will give you a counter offer.
Your realtor can log into their bidding functions and see 1st thing in the morning wether they accept, cancel, or counter offer. It will also show them if another bid was accepted.
I would suggest starting at 80% of list price and see what they counter. You can always bid higher the following day.
Hope this helps