I have multiple friends grabbing fantastic deals on foreclosed homes and renting them out until theI have multiple friends grabbing fantastic deals on foreclosed homes and renting them out until the housing market picks up and then they plan to sell them. Can anyone that has brought a Hud Home in the last few years tell me what percent below the asking price to bid? I live in rural Georgia if that makes a difference. The houses I am referring to have been on the market for a VERY long time. Thanks. November 17 2012 - US00YesReport 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.