HUD employs varying listing time periods for their listed homes based on the qualification status of the home and the kind of purchaser that desires to submit a bid. Provided below is a guide for consumers and agents to easily determine the listing periods for HUD homes.
Exclusive Listing Period (Owner Occupant Priority):
The Exclusive Listing Period, bids are submitted by Owner Occupant purchasers only. HUD defines owner-occupant purchasers as owners that intend to live in the property over 1 year or qualified nonprofit organizations and government entities.
There will be:
- A 15 day Exclusive Listing Period for Owner Occupant purchasers for properties listed with status as Insurable and Escrow Insurable with Repairs made.
- A 5 day Exclusive Listing Period for Owner Occupant purchasers for properties listed status as uninsured.
- A Owner Occupant must occupy the house for one year and can’t participate in a HUD sales for two years after purchase.
- For Insurable and Escrow Insurable properties, initial bids will not be opened and reviewed until the 10th day of the Exclusive Listing Period. All bids will be handled as having been received simultaneously. If no winning bid is received by the 10th day, bids shall be opened and reviewed on each day after the 10th day until a winning bid is accepted. If no winning bid is received in that 15 day Owner Occupant period, the listing shall be extended to all buyers on day 16.
- For Uninsurable status properties, Owner-occupant only bids shall be opened and reviewed on the 6th day. All bids will be treated as having been received simultaneously as well. If no acceptable Owner Occupant net bid is received then the listing shall be extended to all buyers on day 6.
Extended Listing Period
At the end of the Exclusive Listing Period, should a property still be unsold, general public bids (including real estate Investors) may be submitted every day.
Quick Review Tables
The following tables provides a different way to review the bidding timelines based on the Listing Period posted at HUDHomestore.com.
For Insured (IN or IE)-These are the FHA and FHA 203b eligible properties:
| Listing Period | Eligible Bidders | Period Duration | Bids Opened |
| Lottery | GNND | 7 days | 8th day |
| Exclusive | O, NP, GOV | 15 days | 11th day, then daily |
| Extended | O, NP, GOV, I | List date + 180 days | Daily |
| Dollar | GOV | 10 days | Daily |
| Extended (no time limit) | O, NP, GOV, I | No time limit | Daily |
For Uninsured (UI)- These are the properties that may be eligible for 203k but are not eligible for FHA or 203B FHA financing
| Listing Period | Eligible Bidders | Period Duration | Bids Opened |
| Lottery | NP,GOV, GNND | 7 days | 8th day |
| Exclusive | O,NP, GOV | 5 days | 6th day |
| Extended | O, NP, GOV, I | List date + 180 days | Daily |
| Dollar | GOV | 10 days | Daily |
| Extended (no time limit) | O, NP, GOV, I | No time limit | Daily |
The financing status of each asset can be found on Property Detail Screen at HUDHomestore.com under the FHA Financing fields on the far right column.
Definitions:
GNND- Good Neighbor Next Door
O- Owner Occupants
NP- Not For Profits
GOV- Government Entities
I-Individuals aka. INVESTORS (all buyer types)
Lottery– only bidders allowed are qualified nonprofit organizations and government entities