[quote=danthedart]
Good, we’re not talking about legal vs. illegal anymore.
No I agree that your deal was perfectly ethical. And if that’s what happened in the cases mentioned by the OP, then that’s fine. But 1), that’s highly unlikely, because banks just like in your case, typically wait a little bit before accepting the offer. 2) SDR specifically called the agents and they were evasive. Why would you be evasive on something that is perfectly ethical?
I fully admit I don’t have conclusive proof that what they’re doing is unethical, but it seems very likely. [/quote]
SD R was my agent too and a lot of agents are evasive. Including the one that listed the property I bought. So, it’s nothing new. Each bank is different. Some chose to wait, even if the offer expires, and some take the first offer that meet their asking price. Just the same as some seller list below market and hope to get a bidding war while others list above market and hope some sucker will offer full price for it. If you gripe about the playing field is unfair, then I agree with you, but thinking someone got jipped from this deal, I highly doubt it. The banks are not stupid. They know what they want.
