I was asked to inquire about a couple of properties by a pigg poster. He had found a few pending properties and upon studying them, I found that all 3 of them went into escrow immediately. That is they were on the market either 0 or 1 day. These were all reo properties. I called each listing agent to get the lowdown. Only one of them returned my call. The agent was very evasive to my inquiries. After substantial prodding she admitted that the listing was an “in house deal”. When I said, oh you mean the buyer was represented by you or another agent in your office, she did not give a straight answer. When I asked if she was the one who bought it or if the buyer was another agent she said, when the home sells you can look up the buyer on the tax records.
Maybe flipping it in escrow? Do you know if anyone can pull that off with bank owned? I think it is supposed to be blocked by “no assigning of contracts” provisions. It’s probably not this?
Maybe flipping it in escrow? Do you know if anyone can pull that off with bank owned? I think it is supposed to be blocked by “no assigning of contracts” provisions. It’s probably not this?
Maybe flipping it in escrow? Do you know if anyone can pull that off with bank owned? I think it is supposed to be blocked by “no assigning of contracts” provisions. It’s probably not this?
Maybe flipping it in escrow? Do you know if anyone can pull that off with bank owned? I think it is supposed to be blocked by “no assigning of contracts” provisions. It’s probably not this?
Maybe flipping it in escrow? Do you know if anyone can pull that off with bank owned? I think it is supposed to be blocked by “no assigning of contracts” provisions. It’s probably not this?
No not flipped in escrow. The properties were basically reo homes that went from active to pending status immediately upon being put on the mls. My first suspicion was that they were all in house deals where the listing agents simply did both sides of the deal.
In my opinion it would seem that the agents did not make much effort to get the best offer for the properties.
No not flipped in escrow. The properties were basically reo homes that went from active to pending status immediately upon being put on the mls. My first suspicion was that they were all in house deals where the listing agents simply did both sides of the deal.
In my opinion it would seem that the agents did not make much effort to get the best offer for the properties.
No not flipped in escrow. The properties were basically reo homes that went from active to pending status immediately upon being put on the mls. My first suspicion was that they were all in house deals where the listing agents simply did both sides of the deal.
In my opinion it would seem that the agents did not make much effort to get the best offer for the properties.
No not flipped in escrow. The properties were basically reo homes that went from active to pending status immediately upon being put on the mls. My first suspicion was that they were all in house deals where the listing agents simply did both sides of the deal.
In my opinion it would seem that the agents did not make much effort to get the best offer for the properties.
No not flipped in escrow. The properties were basically reo homes that went from active to pending status immediately upon being put on the mls. My first suspicion was that they were all in house deals where the listing agents simply did both sides of the deal.
In my opinion it would seem that the agents did not make much effort to get the best offer for the properties.
