Zillow Advice: Buying a Foreclosure - Am I overpaying with this HUD home? http://www.zillow.com/advice-thread/Am-I-overpaying-with-this-HUD-home/522930/ Zillow Advice | Zillow Real Estate I assume you have an appraisal ... http://www.zillow.com/advice-thread/Am-I-overpaying-with-this-HUD-home/522930/ I assume you have an appraisal contingency in your contract. &nbsp;The appraisal your bank hires will tell you the value they came up with. &nbsp;You can cancel the contract or negotiate a new price (assuming your contract allows that) if the appraisal is too low.<br/><br/>If the other comps are $300K+, you should be OK. Tue, 31 Dec 2013 23:50:00 GMT http://www.zillow.com/advice-thread/Am-I-overpaying-with-this-HUD-home/522930/ 2013-12-31T23:50:00Z I just wish we could get ... http://www.zillow.com/advice-thread/Am-I-overpaying-with-this-HUD-home/522930/ I just wish we could get a home like that for $236K in this area&hellip;..Nice place congrats. As long as you are getting a conventional loan, I wouldn't worry too much about the FHA appraisal. FHA appraisals for HUD homes rarely reflect the true market. Tue, 31 Dec 2013 22:31:00 GMT http://www.zillow.com/advice-thread/Am-I-overpaying-with-this-HUD-home/522930/ 2013-12-31T22:31:00Z Your lender will get an appraisal ... http://www.zillow.com/advice-thread/Am-I-overpaying-with-this-HUD-home/522930/ Your lender will get an appraisal and then you will know. As long as your appraisal comes in at or below what you paid you are not over paying. if you are asking could you have gotten it for less, the answer is Who Knows.<br/><br/>Tim<br/><br/> Tue, 31 Dec 2013 21:17:00 GMT http://www.zillow.com/advice-thread/Am-I-overpaying-with-this-HUD-home/522930/ 2013-12-31T21:17:00Z To hard to determine with ... http://www.zillow.com/advice-thread/Am-I-overpaying-with-this-HUD-home/522930/ To hard to determine with the information provided. Your broker should be able to help. Tue, 31 Dec 2013 21:15:00 GMT http://www.zillow.com/advice-thread/Am-I-overpaying-with-this-HUD-home/522930/ 2013-12-31T21:15:00Z