Your Realtor is going to have to provide HUD with proof of funds when they submit your documentation. Once you win a bid on a HUD property your have 48 hours to get the original signed documentation to HUD representative.
If you need the assistance of an agent experienced with HUD properties I would be happy to help.
Karen Paytas, GRI, CMS
Real Living Kee Realty
Also, to elaborate on what Pamela said. You are supposed to have the funds to purchase the property BEFORE you bid on it. The Realtor who is registered to bid on a HUD home for you is supposed to collect a $500 (property under $50,000) or $1,000.00 (property over $50,000) Cashier's Check when you place the bid, and they are supposed to verify that you have the funds with some kind of documentation, such as a Bank Statement, IRA or Sock account.
Let me know if you need help on bidding on a HUD home, I am registered and fully understand the process of a purchasing a HUD property.
My contact information is below.