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Updated over 11 years ago on . Most recent reply

Tyler Cabrera's profile image
Tyler Cabrera's profile image
Tyler Cabrera
  • from Bakersfield, California
  • Member since Jun 29, 2013

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Tyler Cabrera's profile image
Tyler Cabrera's profile image
Tyler Cabrera
  • from Bakersfield, California
  • Member since Jun 29, 2013
Tyler Cabrera
  • Bakersfield, CA
1
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Foreclosures

HUD HOME EARNEST MONEY DEPOIST?

Tyler Cabrera
  • Bakersfield, CA
Posted

I was curious when bidding on a hud home is it required that you need to put down an earnest money deposit?

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Jon Holdman

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Jon Holdman
Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Be aware that if you're buying as an investor and you do give HUD the earnest money you will NEVER get it back. If you don't close they will keep your EM. Do inspections before bidding.

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