Foreclosures
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 15 years ago,
HUD property I'm purchasing has been Vandalized!
Hi all, Deano from Cincinnati here. I'm in the process of buying our first HUD home, signed the papers and paid a $500 deposit.
THEN the back door was kicked in and all the copper stolen. HUD did not secure the property for three days and who knows what else was damaged.
I've asked for my earnest money BACK and told them that I would like to place a new bid due to the damage...as well as some serious structural damage which my engineer uncovered.
They've refused; consider me in default of contract and are putting it back on the market next week. What should I do?
I'm new at this...and was only trying to save a great old house and our neighborhood. Deano