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Updated over 8 years ago on . Most recent reply

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Craig Palmateer
  • Investor
  • Queensbury, NY
4
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Is this the norm now?

Craig Palmateer
  • Investor
  • Queensbury, NY
Posted
Hi All, Some background- We viewed a foreclosure property on Monday of last week. We didn't beat around the bush, and when asked if we liked it well enough to make an offer, we said yes and you will hear back today with our number. We contacted later in the day to offer 70k and were told she would get things together and give us a list of needs. I have been chasing here to get the offer in and only sporadically hearing back with minimal info. House is listed for 99k but has been listed for 200+ days so I don't think we're lowballing on the price. If she asks for something, we immediately send it and ask what else do you need? I received a blank addendum to review and ok. I have done so and asked when can we get together and sign and deliver the earnest money. Been two days and haven't heard back yet. This is a hud home, so I understand the paperwork may be different, but am I just being in too big of a rush or am I being put off? Sorry for the length of this post but I wanted to vent, lol.

Most Popular Reply

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Greg H.
  • Broker/Flipper
  • Austin, TX
4,243
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

@Craig Palmateer

This is a "your agent" issue and not a HUD issue. All HUD bids are placed electronically by the agent and you will have a response the next morning excluding holidays and weekends. That being said, your offer has zero chance of being automatically accepted. You can leave your bid out there and there is a chance it could be accepted(slim) in the coming weeks or months

  • Greg H.
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