Originally posted by Sam Leon:I kept hearing people saying when in a REO situation, if the bank came back with a "HIGHEST AND BEST OFFER IN 24 HOURS",I have read this to mean that they did not receive offers high enough to meet their "minimum acceptable bid" and they are asking the ones who submitted bids to re-offer with their highest bid based on the assumption that their first offer was low balled.

Bank is accepting my offer on a short sale. $820K.

Don't accept rents from that guy at this time, you want him gone!

Even accepting late fees is a just another way to allow people to continue to treat their rent and their landlord as a somewhat negotiable creditor.

I'll definitely sign up for the keyword alerts, I didn't know that was a feature :)Wow on being an identical twin :) We'll have to catch up so you can school me on how NOT to get fooled by my girlies :) lol We just found out yesterday from a dna test that our girls are identical :)

It basically protects against a seller accepting other offers.

I ended up printing about 18 test pages, all the while making minor adjustments to get it just right.

Listing agent says bank will lower price to 59K since they had been no offers ( because of the above situation ) long stoy short bank accepted a 53K offer we sent, now we are waiting for the county certificate of occupancy ( all REO sales require COO in Miami Dade County).Deal is all cash , will be be closing in the next couple of weeks.Tenant has expressed interest in keep renting (rent is 1K monthly).

I have one SS offer accepted by the homeowners that I saw at 9pm.

Pass.The biggest mistake landlords make consistently is trying to make a applicant, that clearly does not pass screening standards, pass by searching for reasons to justify accepting them.