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Updated almost 8 years ago on . Most recent reply

User Stats

48
Posts
33
Votes
Jackson Wu
  • Investor
  • Monrovia, CA
33
Votes |
48
Posts

Winning a Short Sale when a shady realtor is involved

Jackson Wu
  • Investor
  • Monrovia, CA
Posted

Do you guys have any strategies for winning short sales when the selling agent is colluding with the seller or a third party. I have put in some competitive bids on short sales recently. And afterwards it had become obvious that the listing agent is colluding with a third party.

I came in 100,000 over the winning bid and my offer was all cash. Is there anyway to contact the bank directly to let them know that they have a higher and better offer on the table and something funny is going on?

In one of these cases the listing agent straight up told me that I would need to provide a kick back to the seller.  I am really not a fan of dirty tactics like these.

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