Do I understand your situation correctly? You placed an offer on the HUD house for a price of $94,000.
And then the listing broker placed a different bid on the HUD house for a price of $94,123 which in fact out bid your offer.
If that is how it happened, it seems as though the listing broker used that information to allow another person to out bid you.
Did you place your bid through the listing broker, or through your own buyerâ€™s agent?
What discussions have you had with the broker?
This may expand out into a major question of ethics.
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Ask your agent to explain the bidding process to you and to make sure they don't think anything fishy took place.
If you are speaking of the standard http://www.MCBreo.com website where all HUD offers are uploaded, even the listing agent doesn't have special access to the info on the backend. I trust you saw this information in the bid results posting on that website?
There are due dates/times for offers and unfortunately you were outbid here. Although it stinks, and I feel bad for you (as this has happened to my clients before, too), there was not likely to be anything illegal or unethical taking place.
Keep us posted if you learn anything otherwise. Thanks and good luck.