It is a very sad fact that there is alot of bs out there and listing agents double ending things while other buyers get screwed. We have talked about and we continue to see it. I have had clients of mine who called the listing agent broker after they got aced out and vented to them but with no avail. I have had a client but he lost out on an reo and he was able to somehow reach the asset manager and wanted to make sure his offer was not the highest. As bad as the market was before the way that REO properties are parsed out is just a nightmare. I would be willing to guess that the number of double ended deals for reos verses regular sales is higher, perhaps much higher but that is just me being bitter. There is some oversight by asset management companies but not a hell of alot.
