Hud Foreclosed Property is a Joke!

Question

I found a hud foreclose property and put a bid in for the home. I got the bid, my pest inspector found termites, hud said there were no termites come to find out they had a old termite letter, which took them only a month in a half to figure that out. The posted the house online and took bids on the house and advised that the HVAC was not working and they were allowing a 203k loan to repair the HVAC. However today I am suppose to close and hud don't want to pay to have the HVAC repair. I will advise anyone that is a first time home buyer not to do this. I am a first time home buyer and this has been my worst home buying experience ever.I am so wanting to back out but they will keep the $1000.00 I had to give for earnest money. I just don't understand how you advertise something and its not true and why is this. I hope and pray I never have to deal with hud again. I was suppose to close at 11am its now 3:30pm and still haven't heard from them. Why is this going this way I did my part.

Answer 1

I bought 2 HUD repo's.  I learned a good lesson and it applies to all repo's.  I have to bargain hard.  So hard that i don't care if there are termites.  Don't care if the AC is gone.  I don't care about anything because i bought it for "my" price.

You entered this sale thinking that you were dealing with a "normal" seller.  A normal seller will fix things that are wrong.  HUD is not a normal seller.  If you had offered $30,000 less money, you wouldn't be unhappy now.  You'd be smiling.  THis is a tough lesson. /