HUD Contracts
When the closing date on a HUD contract passes, and no closing occurred:
Can it be re-bid on it after lost of contract by the person(s) who failed to close?
It was to be a back to back closing. The B-C contract was signed 1 day prior to the A-B expiration date, both of which occurred on the weekend. Plus, we were dealing with a new to us out of state closing team.
The C buyer still wants the property, but doesnt know yet that it is still available one month later.
Can the original B in the A-B contract re-bid and win after a fail to close on the first attempt?
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