I have been told and I would appreciate the forums comments in that the FHA does not drop its appraised value=selling price over time. The bids they receive may be accumulated and then the supposed high bid is accepted. Anyone have inside experience as to how this works as to when they make decisions or may they be looking for a bid with a certain percentage of the appraised=listed price?
Posted by CookieinAR on August 06, 2008 at 10:04:44:
Newbie, 2 quick questions
Am I right in assuming that on a quick flip, assign contract, the seller and rehabber pay any and all fees at closing. I just walk with a check?
I’ve been watching the HUD lists and checking the bids and seeing how much HUD will come down after awhile. Does the VA EVER drop their prices? Can we see the bid results like we do thru HUD?