bidding on HUDHOMESTORE.com

[Chris Wiseley]

I am considering bidding on a property at the HUD Home Store website. Can someone with experience tell me what I should expect the winning bid to be? Obviously every deal is different, but if it is listed for $100K and I bid, for example, $90K what are my chances? Do these go OVER list price often?

[Greg H.]

How long has it been on the market? The minimum  bid that will be automatically accepted is 88% net to hud of the current list price which includes commissions