Q: I bid on a HUD home and won but wasn't informed, what recourse do I have?
I bid as an owner occupant, through the listing agent, on a HUD property. I chose to be the back up offer and should have had my offer accepted. I was never informed as I should have been by HUD rules. An investor's bid (lower than mine) was then immediately accepted. I only discovered this 2 weeks later when bid results were posted online. I contacted the brokerage immediately and they have vaguely indicated that some impropriety has occurred. The property is supposedly under contract but has not sold. As a lay person it seems probable that the listing agent, though obligated, failed to inform me, presumably for the purpose of allowing the investor to purchase the property. Any advice would be greatly appreciated - my family needs a home! Thank you
A:
If the proper bidding procedure was not followed then it needs to be brought to the attention of the HUD officials and the broker needs to make sure they notify HUD in WRITING.
Good luck,
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