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^^^ and no way to "prove if there is one" either....
Thus I personally would never do bidding war.
And still manage to snag a deal of a house.
HUD offers are computerized and entered online, not through the listing agent so unless you think that HUD has created HAL and told it to lie, there are bids if the computer says there are.
Although there is no way that you can tell if there are currently existing bids outstanding you can work with your agent and a site housespin.com to gauge how active the local market is for a particular house.
Your agent should give you a comparative market analysis of the target house.
This is process I go through before making a bid:
1) get a report for a zip code per [url=http://www.housespin.com/data_new/HUD-Bids-Accepted-By-ZipCode.php]HUD Bids Accepted By Zip Code[/url]
from the report I can see historical bids and what the ratio of bid to list price
If you are an investor make sure you ask your agent to make your bid as backup if you lose initial.
Why ... because people overbid and then learn they must bring to cash to closing and then drop out and the house goes back on market... it happens all the time!
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no magic box but..
