[quote=bsrsharma]4S Ranch Buyer, See the thread “offer in. now we play the game…(REO)” to see if it makes sense to you. Bottom line: Buyers agent bad for REOs, may not be bad for non-REOs.[/quote]
For this statement to be true, it means:
-that the listing agent is small time and therefore willing to risk the bank relationship in service of a few points on this escrow
-that you can get to the listing agent directly.
In smaller towns (eg: temecula, menifee, el centro) these are more likely to be true. In larger cities, it is less likely. In SD, probably the largest reo crew is Weichert Elite (headed by Donna SanFilippo and Erik Weichelt (not the same name as the company)). They used to be San Diego REO’s until Weichert national bought them out. Last time I talked with them, they close more than 50% of their deals with other agents involved. Smaller agents (with only 5-10 listings at a time) are more likely to need that extra few thousand.
