If a property for sale says "HUD home, sold as is, Elect. bid only" are there...

[berrytrain]

If a property for sale says "HUD home, sold as is, Elect. bid only" are there...

...any red flags here? I know what H.U.D. stands for, but I do not know what it means in terms of buying a house. Elect. bid probably means electronic bid. Is this a bad thing? Thanks
(i always chose best answer)

 

[Nathan]

No, not really.. don't know what you want the HUD for, so can't help you much. As far as, I can tell that I would be worried about is the 'as is'... And, I would want to get it looked at by county inspectors. Well, maybe two county inspectors and look at it myself, if at all possible.