Colli Real Estate

I have an issue with the Realtor on a HUD offer for a foreclosure.?

Here are the Facts:
A realtor submitted an offer for me to purchase a HUD foreclosure. I won the bid. I submitted the contract and earnest money. I am now informed that I did not win the bid, based on the realtor not submitting the request for their commission. It is being suggested that ” I ” pay 3% to cover for this error, so they get paid. They are really trying to push my sympathy buttons to agree to this, which i refuse to do. Do I not have a binding contract at this point ( contract & earnest money paid)? Any advice or suggestions? My understanding is that the commission comes from seller, not the buyer, but due to the bureaucracy of HUD, they just lost out.

THEY lost their commission, you should not have lost anything.

Your bid was accepted by HUD, HUD is not going to screw you. If your agent continues to tell you that HUD is not going to sell you this house call HUD and pitch a fit. I will help you find the number if you need it.

Personally I would call the state RE board too and tell them your broker is trying to force you to pay money you did not contract to pay, after the deal was struck with the seller.

This is your agents problem, and they are totally screwed if they think they can pass this on to you.

Do not feel sympathy. This is their job, they screwed it up, not you. Your wallet should not be effected by their incompetency.

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