They are telling you the value because it will assist your realtor and loan officer giving them the ability to foresee potential problems.
Opinion here would have not value to you considering not seen the property assist with any recommendations for bid .
"Investor and people in the know" - have Realtors who represent them
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
HUD runs their bids like an auction. There is no countering offers, no inspection period, if you're bid is accepted...you're in. MOST HUD homes close escrow (sell) for VERY close to the asking price or slightly above. MOST. Typically HUD doesn't even look at bids which are not within at least 10% of the asking price.
If you would like more info, please feel free to call me anytime. These properties are typically priced very aggressively to begin with for a quick sale.
Tesa Noonan 661-717-3394
Coldwell Banker Best Realty