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Updated about 9 years ago on . Most recent reply

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23
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4
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Melita Costoso
  • Las Vegas, NV
4
Votes |
23
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Listed on bank REO site, listing agent will not present offer

Melita Costoso
  • Las Vegas, NV
Posted

I found a listing on a bank REO website a couple of months ago on a property we could afford to pay cash for. it is NOT listed on the MLS. Our agent took us to view the property the day after it was listed on the website. There was not a door handle to get inside. Viewing through the windows was enough. We immediately signed a full cash offer no contingencies. When my agent called the listing agent he was rude, curt and hung up quickly. After calling him again he said it was not ready to take offers, the property is going to auction.com. My agent submitted an offer anyway... no response. A few days later the listing agent called and said send the offer over. We did. Then he says 'sorry we jumped the gun' we're not ready yet. Have to evict someone. (There was NO ONE living in the property.) Every time my agent calls, he says 'still not ready.' I have called the asset management department of the mega bank. They are limited in what they can do from a call center. Anyone else have this problem or advice? I really really want this place.

Most Popular Reply

User Stats

173
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136
Votes
Drew Shirley
  • Attorney / Multifamily Investor
  • Houston, TX
136
Votes |
173
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Drew Shirley
  • Attorney / Multifamily Investor
  • Houston, TX
Replied

In Texas, the frivolous filing of a lis pendens can be a big problem -- the filing entity must have a bona fide interest in the property and the title to the property must be in dispute. I don't know Nevada law, but I would advise caution before taking that kind of step. 

That being said, you could certain file a complaint about the agent to the state's real estate commission. He is required to submit all offers. 

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