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Updated over 6 years ago on . Most recent reply
Unethical realtor or just plain fraud?
Hey everyone, I'm new at real estate, but I've been reading as much as possible. I made an offer on an REO as an owner occupant a little over a week ago and the realtor said that the bank went with a higher offer. The property hasn't gone pending, and my realtor said that he can't get any information out of the listing agent so my wife called to inquire about the property two days ago. The listing agent said that the accepted offer had until the next day(yesterday) to submit earnest money or the property would be re-listed. Today the realtor told my wife that the offer that was accepted got caught in Hurricane Florence and couldn't get a check for the earnest money, so everything is still on hold. We know she's lying, but what options do we have other than reporting her to the real estate comission?
Any help would be appreciated, thanks.
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@Lane Crownover From what you've said, I wouldn't assume that the agent is lying. Miscommunication is very common when you're dealing with this many people and things change up all the time. The listing agent is not the ultimate decision maker, their client, the bank, is.