Updated almost 10 years ago on . Most recent reply
HUD / Realtor terminating listings early.
Hi, all. We went to see a HUD property this morning with our realtor. At about 1pm we called the realtor back to put in an offer. He said he was on the site filling in the paperwork for us when it disappeared. The listing agent said they had accepted an offer eight minutes ago (In the middle of the afternoon) and that he was canceling the other three showings scheduled for that afternoon. The bidding process is supposed to close every night at midnight so what gives? We don't usually go after HUD properties, so the only thing I can come up with is that they accepted something based on the offers from previous days and just didn't take down the listing. Another realtor came through during the showing who is known for bullying his way into getting properties. I have no idea if he was involved or not, but something just seems off about this one. In the end maybe we would have gotten the property and maybe we wouldn't but since we were putting in an over asking price offer it seems like the letter of the law should be enforced. Has anyone else had this experience?