Need Help Validating Unusual Lender Offer Through BP PMs

[Stephen Anthony]

Hello BPers,

Would appreciate more experienced members and investors help in validating if something I experienced lately is normal/legit or not. I am a relative newbie, and this interaction seemed unusual to me so I wanted to be cautious and get feedback first. I want to make it clear I'm not accusing anyone of anything, just seeking guidance.

• I recently made a post about terms on conventional financing, and through that thread was messaged by a BP member who said they had a great lender, and said to send them (the BP member) the details of my deal and they would send it along to their lender. That sounded great.
• My deal was actually on the MLS, so I asked if just sending the listing was fine, and also asked the name of the lender.
• The member replied that the listing would be fine and didn't answer the name of the lender question.
• I responded asking if it would be possible to have an initial conversation with the lender to see if we were a good fit for each other, and then at that point send them the deal details. I asked for the name of the lender again.
• The member had been messaging me back every 2 minutes, but they never responded again. I messaged them again after the holidays, and they still didn't respond. That last message of mine was sent 9 days ago.

I had an offer in on this deal but didn't have it under contract yet, that was part of my hesitation in sending a deal to someone I had just met on the internet, and it getting further passed along to someone/a lender I didn't even know the name of.

I hope I have not offended anyone. This member was a Pro member with hundreds of posts so I assume they are an experienced, upright professional. It just seemed very strange to me to not share the name of a great lender, and then stop messaging me at all once I asked for it a 2nd time.

Please help set me straight here, was this a very normal way to help people, and I should have felt comfortable sending along the information to this member? Thanks for your help!

(By the way, I tried to contact BP support to ask if this was normal, but they said to post on the forums; I didn't want to be "public" with my question.)

[Chi Kanu]

Stephen, that is highly unusual. There is no reason they did not pass along the lenders information to you and simply contacted the lender also to give them a heads up. Even if they bird dog for the lender, they still should disclose to you who the lender is. You did nothing wrong and never disclose your intended offers, unless you have it under contract. Also always have contingencies in your offer, so that if everything fails, you can still get whatever good faith money you gave them back.

Good luck.