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Updated over 13 years ago on . Most recent reply

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Steve E.
  • Tulsa, OK
2
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35
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HUD Due Diligence Period

Steve E.
  • Tulsa, OK
Posted

Hello,

Can someone please verify the due diligence period for a hud property? I see from the posts it is 48 hours but the below document states it is 15 days. So which one is correct? Thanks in advance.

http://idx-images.cisdata.net/acnt/images/533/AR302533/file_manager/User_Guide_for_Purchasing_HUD_Homes.pdf

Most Popular Reply

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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
14,132
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Jon Holdman#3 Real Estate Deal Analysis & Advice Contributor
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Do you mean the time period to do inspections and back out of your contract if there is a problem and still get your earnest money back? There is no such time period for HUDs. If you get an accepted contract, you can't get your EM back. Do any inspections before making the offer.

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