What bid amount must be submitted for a Good Neighbor Next Door (GNND) property?

The selling broker, representing a prospective buyer of a Good Neighbor Next Door (GNND) property, must submit the bid at the full list price; the Asset Manager (AM) will apply any applicable discounts in the sales price.
 
For additional information please contact the Asset Manager with jurisdiction over the property.  To locate contact information for the Asset Manager please visit the HUD Homestore website at https://www.hudhomestore.com/ and click “Help” in the gray tool bar.
 
For policy information see Handbook 4000.1 IV.B.2.d.iii. at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-03710