[quote=bearishgurl]If I was looking in a very specific area to buy for as long as researcher9 has and I had at least a 20% downpayment and kept getting ignored in favor of “inside” or “seller’s agent-represented” buyers who offered less, I would take a stand, even writing the payoff dept of the 1st TD lender directly and mailing it certified – about ten seconds after the game was played against me, with a copy of my offer that was “rejected” (dated shortly after the listing went public), and also with any recent SOLD comps supporting my offer. In it, I would name the seller’s agent with her explanation why my offer could not be presented.
Since we still seem to have a ways to go to “wade” thru “short sales,” reform is needed in this area, IMO.
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Again, I could not agree with you more, BG. More buyers should be contacting the lenders (and other regulators) about these deals. Years ago, I contacted the FBI about these types of deals, but they said they didn’t think there were enough cases like this to warrant their attention. I wonder what they think of it now.
