All Forum Posts by: NA NA

Even if the buyers agent and the sellers agent are the same people (well, husband and wife)? Clearly, thats an unfair advantage as the buyers agent knew exactly how much to bid for the house for the bank to accept the deal.

I had an offer in on an REO property. A few days later, I was informed there were multiple offers and the final date to put a final offer in would be 9/24.

Turns out my offer wasnt the highest. However, my agent and I found out a couple days ago that the highest offer was presented by the seller agent's husband (who was a realtor acting on behalf of another client). And, that offer was presented to the bank several days after the final offer date at a value <1% more than my offer was for.

My agent an I are going to file an ethics complaint against both agents, but is there any way to stop the [unethical] sale to the buyer that is currently under contract?

Wow, Great response. Actually, I am not an investor. Im looking for more sq footage for my growing family and have found the perfect home in the perfect area that will probably be priced just outside of my price range. If I can get it for (as high as) 90% of market value, I would love to jump on it.

The bank has already turned it over to an asset managmenet company (some little repairs are already being done on it). Is there anything I can do to increase the chances of getting a response to my offer now? My realtor said if he is able to get a good contact at the bank then my offer is reasonable enough for them to jump on it but anything goes once it gets listed on MLS and the listing agent may price the property differently. Has anyone worked with Deutsche Bank in Santa Ana, CA and could provide some guidence?

My realtor has put in offer in for me on a REO in the Houston area before it has become listed on MLS. He says the bank may respond, and may not. It has been nearly 6 weeks now and we have not heard anything back. Has anyone had any success doing this? What are the odds I hear something back before it gets listed?

The home is in my neighborhood and I have been in it several times and am not too concenred with the condition. The thinking is that the bank would accept a slightly lower offer if they dont have to worry about listinging the house and waiting several months to sell. Is this the correct strategy?