Losing in multi offer situations!

[Gary Ramirez]

Are there any Houston area investors having trouble getting their REO offers accepted on the MLS?

[Vincent D.]

FHA is backing questionable loans at a disturbing rate. This may have been easier to ignore before seeing our target inventory bid up by OO buyers, but it's "in-your-face" now and hard to brush off. Further, I distrust the verity of OO status from many of these applicants, wary that perhaps investors are "borrowing borrowers" to procure mortgage money on otherwise-untouchable leveraged purchases.

In any case, it's not a "pure" brand of competition driving up prices. The RE market is not rebounding (if so, what are the extant catalysts and drivers supporting this naive hope?), but prices are going up in our specific investment farm areas. Something askew is in play, and to our detriment as investor-buyers.