No one can answer that question for you unless they are familiar with the property. How much is it worth?
-The property willl come back on the market unless there was an acceptable backup bidder. If it does then bid again at a lower price. The minimum acceptable bid is an 87% net to HUD of the list price
-Never use the appraised value by the county as the number is worthless. Have your agent give you some comps in the area