Does the seller’s agent influence lender’s decisions wrt REO’s, if so, how much? Would be easier to “push through” a serious lowball offer (20% off listed price) by going without a buyer’s agent, so that the seller’s agent gets 6%? Assume that the REO has been on the market for so long that a reasonable case can be made that it won’t move at the present price, but there are considerably higher-priced comps and “recent” (6-9 month old) closings in the neighborhood.
Suppose I got approved for a mortgage, submitted an offer letter, and it got accepted. I get an inspector and I’m satisfied with his results. Do I need to be concerned about any technical aspects beyond that (like drafting a contract, opening an escrow, transferring the title, etc.) by myself, or do I basically need to sign the papers I get from the seller’s agent to finish the transaction?
