[quote=danthedart][quote=jimg111]That’s just not correct Dan, if the seller agrees to accept the first offer that meets terms that are acceptable and then instructs the agent that they do not want any more offers, then how is that the agent’s fault? This does happen on some listings.[/quote]
It really depends on what the agent is telling the bank. Do you really think the bank is okay with the agent listing the house on the MLS saying an offer is already accepted? If the bank was okay with that, then why list the house at all?[/quote]
Perhaps the bank/lender is okay with that because they are receiving govt funds for the difference, or some portion of the difference.
This is why it bothers me. It’s not about what I can get as a buyer, but how buyers are losing on these deals AND they are paying for it via the taxpayers’ bailouts of all these scammers.
If the lenders who are approving these deals were taking 100% of the losses, I wouldn’t have nearly the same anger about these “inside” deals. Nobody is looking out for the taxpayer, and that desperately needs to change.
