HUD Backup PositionI made an O/O offer on a HUD foreclosure in Exclusive period, before bids were opened. I bid the most I could afford -- but very much under the listing price (like 82% Net). I didn't expect to win (certainly was praying so) because looking at housespin I saw recent HUD homes in my city went for near or above listing price. I figured the minimum acceptance was probably very high: list price minus Commission and closing costs or more.I didn't receive any confirmation emails, my realtor sent me the Bid Acknowledgement. Why does HUD ask for bidder's email address, but not cc them on anything? Do they really only send info to the realtor (or let them look it up online)?My Bid Ack ended with -2, I understand it meant I'm the 2nd person to make an offer -- as of that time. Fairly meaningless number if I bid early.Bids opened and realtor stated they accepted a higher bid, but we are in backup position. I expected my bid to be so low, it would get rejected outright. Does backup mean my bid met the minimum acceptance amount? (but of course others bid more than me). If those ahead of me fall through, do they accept my bid as-is? Or is it possible I could get a Counter offer when it reaches me for the minimum acceptance amount instead?Does the Backup position have an ending number showing what backup position I'm in, like 1st, 2nd, 3rd etc ThanksAugust 13 2013 - Central00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.