Shopping your REO wholesale deal to endbuyers

[Dave Smih]

OK My understanding on REO's is that they can accept a higher offer and cancel yours anytime they want. if this is true how can you feel comfortable giving the address to potential end buyers without having the fear they may go around you and offer themselves to the bank?

[J Scott]

While the "fine print" of the addendum may give the bank/seller the ability to legally weasel their way out of contract, in practice, I've never (EVER!) heard of this happening for the purpose of accepting a higher offer.

Once a contract is binding (signed and delivered to all parties), you can expect that the bank will honor the contract regardless of what other offers come along, so long as you perform on your side.

I'm not saying it's never happened or never will happen, but I'd be willing to bet that it never happens to you or anyone you know...