Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 7 months ago on . Most recent reply

User Stats

20
Posts
9
Votes
Rick Im
9
Votes |
20
Posts

What to do when my agent makes a unforgivable mistake

Rick Im
Posted

Hello,

You won't believe this happened. Last week, HUS accepted my bid on a really good deal and I gave the earnest money in time. My agent passed the deadline of 2 business days to submit necessary documents online. My agent came up with an unacceptable excuse ("I thought ...) although the HUD initial email clearly delineates the necessary steps. Today HUD notified that our bid was cancelled because they did not receive the requested information and documents, and the property is now back on the market. If I sell this property after making minor cosmetic repairs, the gain would be 50-60K. I am trying to understand what my options are.

Rick

Most Popular Reply

User Stats

17,420
Posts
30,059
Votes
Russell Brazil
Agent
  • Real Estate Agent
  • Washington, D.C.
30,059
Votes |
17,420
Posts
Russell Brazil
Agent
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Why don't you just resubmit the bid? If they took it once, they'll probably take it again.

business profile image
District Invest Group
5.0 stars
43 Reviews

Loading replies...