It is possible to submit a low ball bid on a HUD foreclosure property. In fact, if there are no other bidders HUD is very likely to accept the low ball bid assuming it is within 85-88% of the original listing price. This low ball strategy works best for owner-occupant bidders submitting offers on less popular HUDÂ foreclosure homes.
To learn more about the HUD bidding proccess see: HUD Foreclosure Guide
To learn more ways to save on HUD homes see: Secrets of Buying HUD ForeclosuresÂ