Posted by Matt (MPD) IL on February 18, 2004 at 22:51:38:
Somewhere around 20% of the properties will be sole aboslute, meaning regardless of what the offer is it gets sold. The remaining properties are sold with the same deal as usual other than the earnest money exception. Low priced houses now require 1000 earnest money rather than 500. All bids are to be awarded on Sunday (Hud got people to work on Sunday??).
Still not many bargains in my neck of the woods, only about 6 houses to choose from mostly in pretty bad areas.
Check the Hud page for your area to find out what’s available. The viewing opened up on the 15th and bids need to be filed on the 27th and 28th.