HUD screw up

[Steve Bollinger]

Ok. while bidding on Hud homes, I apparently put in Huds asking price instead of my actual bid price. I am the agent. I put offers in on 10 properties expecting all of them to be countered. No surprise, this one was accepted. No way I am paying this. My question is, if I have not submitted the sales package and do not intend to do so, will they demand the deposit? Of course it was exactly 50,100 so the deposit is supposed to be 1000. Am I going to take a $1000 seminar on this? Anybody have thoughts? and how will they "demand" their money?