when the realtor placed your bid in for the HUD property, did she as part of the bid, ask HUD to pay 3% of your closing cost. If she did, and HUD accepted your offer, then HUD should be covering your closing as part of your agreed contract. Did you receive a copy of the HUD bid placed by your realtor?
If so, then on the HUD contract, there is a box that gets checked, which shows the closing cost percentage being asked for and the dollar amount of the closing cost, If you do not have the funds to cover the closing cost, it would be better for you to cancel the contract, when you are able, then for you to be stuck paying a cost you do not have. If you do not get anywhere with the realtor, demand to speak with her broker.
The point of offering 15,000 over the HUD asking prices, was to try and make your offer better than the others. I do not know if you are aware, but when you over bid on a HUD property, you could be liable to pay the difference between the amount the home appraises for, and your bid amount. This would depend on the type of loan you are approved for. On the HUD website, there is a disclosure concerning over bidding on a property and how the different type of loans a buyer may have.
HUD under price a lot of houses because they need to sale righway and for high and best ! its no fair for buyers
1) why can't the lender give you the loan? Is it because of appraisal issue? That the house is not appraised at or higher than the purchase price?
2) Or you don't have $5000 to come up for the closing? Is this on top of the 3% you asked from HUD when you bid?
Can you please provide more detais.