Having issue getting back deposit for a probate auction.

Member since 2019 · 2 posts · 0 votes

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 SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
2y
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 HarrisPro Member
Member since 2019 · 15k+ posts · 11k+ votes
2y
If the agent won't give you the money back, talk to their broker and then go up the ladder from there.
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Qili Wang
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Member since 2019 · 2 posts · 0 votes
2y
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.
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