Originally posted by "Heathen":As with most of these types of decisions, it is left to you as the responses here are all over the field.True I see both sell and keep, but is that not representative of the 2 different schools of thought?

thanks guys,the majority of properties i am looking at are represented by an agent / broker.

Not saying appraisers are intentionally inaccurate (though there have been incidents of that), but that its impossible to know which of multiple available comps truly represent the market.I'd be extremely leery if a seller says "here's an appraisal that justifies my price".

I represent a Direct Mandate with millions to sell and Investors and buyers to purchase Discounted notes and REO tape.

I wish I had a cape covered goverment official [paste picture here] wearing their underwear on the outside of their pants (not too different from many in the house of representatives) coming out to announce the 300b dollar bailOUT.

That represents a HUGE payment increase that most homeowners will not be able to afford.We are nowhere near the bottom.

My goals are to represent bank owned properties.

In Md even though an agent can represent the buyer, the commission still usually comes from the seller.

I would also recommend you get an agent to represent you.

I represent roughly 30 Lenders, and REO asset management companies...I will stick with the less risky stuff..If you think a jury of 12 will rule for a lawyer over a consumer... pass me what ever you are drinking or smoking!