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Having issue getting back deposit for a probate auction.
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.
#3 All Forums Contributor
- Investor
- Virginia
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.
#3 Managing Your Property Contributor
If the agent won't give you the money back, talk to their broker and then go up the ladder from there.
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.