Backing out of a signed HUD contract

[Account Closed]

I made an embarrassing mistake and pulled the trigger too quickly on a HUD deal I was looking at two sales prices within the last four years that were more than double the list price of the house So I assumed after some rehab and improvements I could at least get the previous sale price now that the market is even better.

Turns out the neighborhood is much worse than I thought, and after looking at comps, The house is a breakeven proposition I have no idea how they got that price before One of the neighbors told us it was a land contract deal But anyway so I would like to get my EMD back And terminate the contract My broker says this can only be done with a documented inspection report So I have to spend $350 to try to get 500 bucks back Does anybody have any insights about this process Can't I just take some pictures of the defects myself Thanks