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All Forum Posts by: Melita Costoso

Melita Costoso has started 2 posts and replied 23 times.

Post: Listed on bank REO site, listing agent will not present offer

Melita CostosoPosted
  • Las Vegas, NV
  • Posts 23
  • Votes 4

@Bill Gulley oddly enough, the agent in question has a profile on this site.  Not much info, but a profile nonetheless. 

Post: Listed on bank REO site, listing agent will not present offer

Melita CostosoPosted
  • Las Vegas, NV
  • Posts 23
  • Votes 4

@Bill Gulley I am of the same mindset you are.  Does not take me long to figure out what the real deal is.   My boyfriend is much more passive.  

When we put in the 2nd offer at $2500 more, we were expecting there to be other offers.   This will be our third offer.  I totally agree with not going over the full asking price.

I hold a license in another state and generally put 48-72 hours for acceptance, depending on who (entity or person) is the seller.   Quick responses are best.  

Post: Listed on bank REO site, listing agent will not present offer

Melita CostosoPosted
  • Las Vegas, NV
  • Posts 23
  • Votes 4

 @Bill Gulley  would you go about it that way or have the agent fax the offer to the asset management department with a letter stating the agent is uncooperative? Mind you, the fax number just a number from their website.  I'm not sure it will get any attention.

 My boyfriend just reminded me our 2nd offer was $2500 OVER asking.

Post: Listed on bank REO site, listing agent will not present offer

Melita CostosoPosted
  • Las Vegas, NV
  • Posts 23
  • Votes 4

@Brent Coombs I'm a bit confused by this.  We made a FULL, as is, cash offer, 10 day close.  Even provided proof of funds.   For the record, I think the asking price is low BUT it's about what they have gone for at auction 6 months ago.  

Post: Listed on bank REO site, listing agent will not present offer

Melita CostosoPosted
  • Las Vegas, NV
  • Posts 23
  • Votes 4
Originally posted by @Leigh C:

Call the bank, ask for the REO department....ask for the asset manager for that particular property using the address.

Ask that person whats the deal as there appears to be an issue with the listing agent trying to pocket list the home.  

I have called the bank and they asset managers do not accept calls. The only number available is to their call center. They put in a complaint and called the agents broker. We got cooperation for about a week or two, thus the 2nd offer, then nothing. It's still on the banks website and not on the MLS. Was thinking of contacting the Dept of RE.

Post: Listed on bank REO site, listing agent will not present offer

Melita CostosoPosted
  • Las Vegas, NV
  • Posts 23
  • Votes 4

I found a listing on a bank REO website a couple of months ago on a property we could afford to pay cash for. it is NOT listed on the MLS. Our agent took us to view the property the day after it was listed on the website. There was not a door handle to get inside. Viewing through the windows was enough. We immediately signed a full cash offer no contingencies. When my agent called the listing agent he was rude, curt and hung up quickly. After calling him again he said it was not ready to take offers, the property is going to auction.com. My agent submitted an offer anyway... no response. A few days later the listing agent called and said send the offer over. We did. Then he says 'sorry we jumped the gun' we're not ready yet. Have to evict someone. (There was NO ONE living in the property.) Every time my agent calls, he says 'still not ready.' I have called the asset management department of the mega bank. They are limited in what they can do from a call center. Anyone else have this problem or advice? I really really want this place.

Post: New Las Vegas member

Melita CostosoPosted
  • Las Vegas, NV
  • Posts 23
  • Votes 4
Originally posted by @Charlie Fitzgerald:

Welcome!  Reach out to BP member @Robert Adams he often has condos for sale in your price range.  Welcome to Las Vegas.  I came here for a week 23 years ago and never left!  

 Thanks for that!  I ran across one of his listings today.  Will definitely be in touch with him.  

Post: New Las Vegas member

Melita CostosoPosted
  • Las Vegas, NV
  • Posts 23
  • Votes 4
Originally posted by @Jonathan J. Miller:

Well i am still in Colorado but i have products that may help you in sunny Las Vegas.

Good luck out there,

~J

Our situation is odd, high credit score (750+) terrible debt to income.  

Post: New Las Vegas member

Melita CostosoPosted
  • Las Vegas, NV
  • Posts 23
  • Votes 4
Originally posted by @Roland Thomas:

@Melita Costoso

We are super excited to have you apart of the BP family now!

Initially I began my investing career looking into fix and flips, then shifted my attention to the Notes side of the business. I found that area to be an excellent opportunity to create passive income and strong capital gains.

Looking forward to connecting with you, who knows maybe even do a deal together!

 I appreciate that Roland!   We should definite talk.   

Post: New Las Vegas member

Melita CostosoPosted
  • Las Vegas, NV
  • Posts 23
  • Votes 4
Originally posted by @Mindy Jensen:

Welcome to BiggerPockets, @Melita Costoso. Are you planning on getting an NV license?

 That will happen after the new year.   We have only been here 6 months and still trying to get settled.