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Updated almost 3 years ago,
Agents Reply to Full Cash Offer/POFs Stating Have Others Over Ask
Past month have experiencing multiple CA agents once they get POFs for Full Asking Cash Offer reply that they already Have offers over Asking and then cease further communication!
In once instance, found out they used my POFs (over million $) for their own offer cause I contacted the seller directly when it went from Pending back to Active despite the agent telling me they had accepted a full cash offer with short escrow.. and seller showed me my own POFs in her texts after I told her how much I offered and she said she never was presented my offer but the agent offered to buy it for the same amount and with same POFs!
What is the remedy to this phenomenon; file complaint(s) with CalBRE? Is it 'illegal' to not present full cash offer with the excuse that supposedly have other full cash overs over the full list price?!