Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 16 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Steve S
  • Real Estate Investor
  • Tampa, FL
0
Votes |
2
Posts

Question on how to protect your deals

Steve S
  • Real Estate Investor
  • Tampa, FL
Posted

OK, so please forgive this question if it's elementary but I am a newb.

I have my first deal that I am working and I got it by giving my elevator speech :cool:

I have an option contract on the property and I have a signed listing agreement in the homeowner's name(although it is not listed on the MLS yet). I am doing the negotiations with the lenders via an authorization.

Everything I read is that you must have the property listed on the MLS for your offer to the bank to be taken seriously.

But since the listing agreement is in the homeowner's name I worry that the realtor will try and submit any offers that our generated through the MLS listing to the bank behind my back.

How can I ensure this does not happen.

Loading replies...