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Qili Wang
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Having issue getting back deposit for a probate auction.

Qili Wang
Posted

I recently attended a probate sale and it required 10% offer price of deposit to be elligible to attend the bid. I didn't win. The issue is it has been 11 days and I still did not get my deposit back. My agent said the listing agent is not very responsive. I am not sure what to do now. Has anyone experienced same issue? I am a bit worried since I am in contract for another property now and the deposit is important to get the deal closed.

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Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
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Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
Replied
Quote from @Qili Wang:

I recently attended a probate sale and it required 10% offer price of deposit to be elligible to attend the bid. I didn't win. The issue is it has been 11 days and I still did not get my deposit back. My agent said the listing agent is not very responsive. I am not sure what to do now. Has anyone experienced same issue? I am a bit worried since I am in contract for another property now and the deposit is important to get the deal closed.


 go to the agents office and get your check.

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Theresa Harris
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#3 Managing Your Property Contributor
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Theresa Harris
Pro Member
#3 Managing Your Property Contributor
Replied

If the agent won't give you the money back, talk to their broker and then go up the ladder from there.

  • Theresa Harris
  • Rent To Retirement logo
    Rent To Retirement
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    Qili Wang
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    Qili Wang
    Replied
    Quote from @Chris Seveney:
    Quote from @Qili Wang:

    I recently attended a probate sale and it required 10% offer price of deposit to be elligible to attend the bid. I didn't win. The issue is it has been 11 days and I still did not get my deposit back. My agent said the listing agent is not very responsive. I am not sure what to do now. Has anyone experienced same issue? I am a bit worried since I am in contract for another property now and the deposit is important to get the deal closed.


     go to the agents office and get your check.


     Thank you! I will definitely give it a try.