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Updated about 5 years ago,

Benjamin Qiu's profile image
Benjamin Qiu's profile image
Benjamin Qiu
  • Investor
  • from Queens, NY
  • Member since Feb 10, 2016
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User Stats

46
Posts
18
Votes
Benjamin Qiu's profile image
Benjamin Qiu's profile image
Benjamin Qiu
  • Investor
  • from Queens, NY
  • Member since Feb 10, 2016
Connect
Benjamin Qiu
  • Investor
  • Queens, NY
18
Votes |
46
Posts
Buying & Selling Real Estate

How can I back out of a HUD home offer? already deposit money

Benjamin Qiu
  • Investor
  • Queens, NY
Posted

Greetings,

A family member made an accepted offer for a HUD home and gave the agent a $1000 deposit. The home turned out to have a lot more problems than expected. We don't see a need to go on paying for a home inspector.

Any idea how to back out with an acceptable reason and get her deposit back?

Thank you

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