You do have other things you can do, or that your agent can do on your behalf:
File a grievance with the board of Realtors. It sounds like the lister failed to protect her client's best interests and to submit all offers to the seller in a timely manner. These are potential violations of the Realtors Code of Ethics.
Led HUD know. They should know so that they can decide if they are getting the representation they want.
Has your agent's broker checked in to getting HUD approved?
I know you want answers and some kind of recourse but if you are weighing your legal options you really need to speak with an attorney.
Here's the link the home we lost with bid results:
We are the ones who originally posted the question. I'd like to clear up what happened. We went to see the home in Blaine and decided to place a bid. I guess our realtor wasn't licenced to place a bid for HUD homes, so he asked, what he told us was the listing agent, to place our bid. She had all the necessary information and our agent said he even received confirmation through a voicemail (which he deleted) that she had everything she needed. I went on the HUD website the day the bid should have been awarded and noticed it sold for $150k. My agent called afterwards and said we would have won the bid, but the listing agent, Linda at Wallin Properties, "accidently" didn't place the bid. I even spoke with her today and she admitted that it was 100% her fault we don't have the home. We even have the emails that went back and forth between my realtor and the agent with our final bid information. Again, even the listing agent said our bid would have been the one accepted if it were placed. Since this was 100% her error, do we have any legal recourse to take here? This was a 3 bed 2 bath home, 1600 sq ft, .37 acres, built in 1990 and we would have got it for $150k!!! There are absolutely no other comparable homes in that range in good neighboorhoods in the the twin cities metro. Everything close is $200k or more. Not to mention there is little chance we can jump on the $8k tax credit now. Please Help!
I'm sorry that you didn't get the house you wanted and it looks like the agent messed up big time. I'm not sure that making a mistake constitues an ethics violation however.
Something that I didn't see in your question or this forum is what kind of financing was in your offer. If you were going to offer $150k but with an FHA loan and the winning bid was $150k cash, it may not matter if the seller had to pay closing costs or not. They'll often go with a cash offer over any financing just to get the deal done quicker and with more certainty. They may not even have accepted an FHA loan, if in fact that's what it was. There's no question that the agent messed up by not submitting the offer but there may be much more to the story than what's on the surface.
And there is no financial remedy realistically speaking. As mentioned perhaps really letting the agent know how you feel as well as the broker will help you. But this house is gone.
Frankly any "punishment" is going to be a repirmand.
Now you say you sent your bid to the agent. Not sure how you did that as it is a specific form that really needs to be filled out with the help of your agent. I am wondering if you even had a valid bidding contract.
Is this agent even "HUD approved"?
It would be nice if you could follow up on this discussion and give us more facts. The problem with this site is we rarely see any follow up from the original questioner. And that would help with better answers.