Bidding Wars

[Ben Lawrence]

Hey everyone,

I'm just starting out so I don't know all the roles. I'm looking for a personal house right now. I've put an offer in on a house, it took them 14 days to answers back with no other bids coming in and the day before they cameback with an answers they said another offer came in higher at asking price. So the bank said to both buyers bring your best offer. All the house I have looked at end up going in bidding wars and going over the asking price. My Questions are. Is the Bank lying? How can I stop this from happening? Is there other ways to find foreclosed homes before they hit MLS and go in to bidding wars? Can you get the Bnak to answer faster?

Thanks Ben