Tell me about the Feds -

[Stephen S.]

A common scenario I find is this:

1. Fannie or other property is listed for sale.

2. It sits unsold for some too-long period of time.

3. I make an offer.

4. My offer is accepted. 

5. I am informed that there are suddenly multiple offers so I must submit a 'highest & best'.

This all has a funny smell to me.  I am supposed to believe that the property sits there idle for months until I take notice and then what?  My fan-club members all jump on the bandwagon and make offers too?  "Oh!  If Stevie wants it - it Must be good - let's bid on it too!" <g>

How does this thing work?  What goes on behind-the-scenes?  Does anybody have a handle on this kind of thing?

stephen

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