HUD took my bid and excepted it and now they wont

[Eric Cucullu]

hello everyone...hopefully i can get some help.

i am trying to buy a hud house. i put my offer in and they countered saying that they needed 500 more bucks to reach there minimum bid. so i did that and i thought the bid was accepted. found out the agent messed up a bit on the paper work. so when we tried to turn in the paper work again they would not take it because they said they took the house off the market to get reappraised. the house has been appraised before cause certain websites were show what it was appraised at. so if i am a willing buyer that would take this house off of there hands than why are they wasting money on appraisals? before they started all of this they even sent my lender the info on the house to get started before they did all of this. also some websites are showing the house as sold now. hud claims that when there appraisal is done that they will let me know asap but i feel like i am being jerked around. thanks

[Jon Holdman]

HUD doesn't work in the usually offer/counter process. You made a bid. They said it was low by $500. The didn't counter your offer link most sellers would. They rejected it. You made a new offer that was $500 higher. Something went wrong with that offer: "agent messed up a bit on the paper work". Your agent then tried to submit the offer again but now it was too late and they had already pulled the listing.

You never had an accepted offer. This deal is off the table until the re-list it. Maybe it will be higher, maybe lower. Keep an eye on it and when it reopens you can resubmit your bid.

Meanwhile, go find two dozen more to consider and make offers on some of those. This is a numbers game. Don't get wrapped up in any particular deal.