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Updated over 10 years ago on . Most recent reply

Ruth Arkless's profile image
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Ruth Arkless
  • from Aberdeen, Washington
  • Member since May 5, 2014
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Ruth Arkless's profile image
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Ruth Arkless
  • from Aberdeen, Washington
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Ruth Arkless
  • Aberdeen, WA
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HUD keeping earnest money after inspection no good?

Ruth Arkless
  • Aberdeen, WA
Posted

Has anyone got advice on getting your earnest money back from HUD, what letter format did you use. The inspection has more wring than financing can cover. Any advice would be helpful Thank you'.

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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
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  • from West Palm Beach, Florida
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

EM is Not refundable as an investor on HUD properties. You either close, or you lose the EM, period, no matter what you find.

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