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  • April 30, 2009 at 3:15 PM #391141
    davelj
    Participant

    I don’t get it. Most of the Piggs complain about how the lenders are hording/hiding REOs and not bringing them to market. So now certain Piggs are upset when some REOs get bought quickly? That doesn’t make any sense. And if the lender’s agent (the servicer) is willing to take whatever offer is made from whoever is willing to offer it, does it matter if it’s a real estate agent? Or a friend of an agent’s? Are there any Piggs who have missed out on their dream home because a real estate agent bought the REO before it “really” hit the market? Inquiring minds want to know.

    April 30, 2009 at 3:24 PM #390486
    jpinpb
    Participant

    I think the issue is not whether one of us Piggs missed out, but the principle of the behind the scene deals. If it occurs, then maybe we would miss out, or maybe others are missing out b/c of inside deals.

    April 30, 2009 at 3:24 PM #390749
    jpinpb
    Participant

    I think the issue is not whether one of us Piggs missed out, but the principle of the behind the scene deals. If it occurs, then maybe we would miss out, or maybe others are missing out b/c of inside deals.

    April 30, 2009 at 3:24 PM #390957
    jpinpb
    Participant

    I think the issue is not whether one of us Piggs missed out, but the principle of the behind the scene deals. If it occurs, then maybe we would miss out, or maybe others are missing out b/c of inside deals.

    April 30, 2009 at 3:24 PM #391008
    jpinpb
    Participant

    I think the issue is not whether one of us Piggs missed out, but the principle of the behind the scene deals. If it occurs, then maybe we would miss out, or maybe others are missing out b/c of inside deals.

    April 30, 2009 at 3:24 PM #391151
    jpinpb
    Participant

    I think the issue is not whether one of us Piggs missed out, but the principle of the behind the scene deals. If it occurs, then maybe we would miss out, or maybe others are missing out b/c of inside deals.

    April 30, 2009 at 4:01 PM #390531
    recordsclerk
    Participant

    I don’t think it’s the fact that Piggs miss out on the good deals. It’s more that the banks are being misrepresented. I think that agents list on MLS to show their client (the bank) that they are offering it to the public to get the best price. Then they only present the in house offer to the client for review. If the bank is a willing participant, then why would the agent need to list the home on the MLS. I notice that some banks will not review any offers for the first 5 days after being listed. That way the client (the bank) is positive that enough buyers have a chance to make a decent offer. This may be the reason you see some listings that have 6 days of market time but were actually only available for a few hours. I have also tried to contact listing agents to make offers on properties that were listed for less then one full day and have not received any return calls.

    April 30, 2009 at 4:01 PM #390794
    recordsclerk
    Participant

    I don’t think it’s the fact that Piggs miss out on the good deals. It’s more that the banks are being misrepresented. I think that agents list on MLS to show their client (the bank) that they are offering it to the public to get the best price. Then they only present the in house offer to the client for review. If the bank is a willing participant, then why would the agent need to list the home on the MLS. I notice that some banks will not review any offers for the first 5 days after being listed. That way the client (the bank) is positive that enough buyers have a chance to make a decent offer. This may be the reason you see some listings that have 6 days of market time but were actually only available for a few hours. I have also tried to contact listing agents to make offers on properties that were listed for less then one full day and have not received any return calls.

    April 30, 2009 at 4:01 PM #391002
    recordsclerk
    Participant

    I don’t think it’s the fact that Piggs miss out on the good deals. It’s more that the banks are being misrepresented. I think that agents list on MLS to show their client (the bank) that they are offering it to the public to get the best price. Then they only present the in house offer to the client for review. If the bank is a willing participant, then why would the agent need to list the home on the MLS. I notice that some banks will not review any offers for the first 5 days after being listed. That way the client (the bank) is positive that enough buyers have a chance to make a decent offer. This may be the reason you see some listings that have 6 days of market time but were actually only available for a few hours. I have also tried to contact listing agents to make offers on properties that were listed for less then one full day and have not received any return calls.

    April 30, 2009 at 4:01 PM #391053
    recordsclerk
    Participant

    I don’t think it’s the fact that Piggs miss out on the good deals. It’s more that the banks are being misrepresented. I think that agents list on MLS to show their client (the bank) that they are offering it to the public to get the best price. Then they only present the in house offer to the client for review. If the bank is a willing participant, then why would the agent need to list the home on the MLS. I notice that some banks will not review any offers for the first 5 days after being listed. That way the client (the bank) is positive that enough buyers have a chance to make a decent offer. This may be the reason you see some listings that have 6 days of market time but were actually only available for a few hours. I have also tried to contact listing agents to make offers on properties that were listed for less then one full day and have not received any return calls.

    April 30, 2009 at 4:01 PM #391196
    recordsclerk
    Participant

    I don’t think it’s the fact that Piggs miss out on the good deals. It’s more that the banks are being misrepresented. I think that agents list on MLS to show their client (the bank) that they are offering it to the public to get the best price. Then they only present the in house offer to the client for review. If the bank is a willing participant, then why would the agent need to list the home on the MLS. I notice that some banks will not review any offers for the first 5 days after being listed. That way the client (the bank) is positive that enough buyers have a chance to make a decent offer. This may be the reason you see some listings that have 6 days of market time but were actually only available for a few hours. I have also tried to contact listing agents to make offers on properties that were listed for less then one full day and have not received any return calls.

    April 30, 2009 at 4:17 PM #390541
    (former)FormerSanDiegan
    Participant

    [quote=jpinpb]I think the issue is not whether one of us Piggs missed out, but the principle of the behind the scene deals. If it occurs, then maybe we would miss out, or maybe others are missing out b/c of inside deals. [/quote]

    Look on the bright side. If indeed these are selling for less than they would on the open market, the impact would be to bring down the comps for all the other properties. From a buyer’s point of view is that not a good thing ?

    April 30, 2009 at 4:17 PM #390804
    (former)FormerSanDiegan
    Participant

    [quote=jpinpb]I think the issue is not whether one of us Piggs missed out, but the principle of the behind the scene deals. If it occurs, then maybe we would miss out, or maybe others are missing out b/c of inside deals. [/quote]

    Look on the bright side. If indeed these are selling for less than they would on the open market, the impact would be to bring down the comps for all the other properties. From a buyer’s point of view is that not a good thing ?

    April 30, 2009 at 4:17 PM #391012
    (former)FormerSanDiegan
    Participant

    [quote=jpinpb]I think the issue is not whether one of us Piggs missed out, but the principle of the behind the scene deals. If it occurs, then maybe we would miss out, or maybe others are missing out b/c of inside deals. [/quote]

    Look on the bright side. If indeed these are selling for less than they would on the open market, the impact would be to bring down the comps for all the other properties. From a buyer’s point of view is that not a good thing ?

    April 30, 2009 at 4:17 PM #391063
    (former)FormerSanDiegan
    Participant

    [quote=jpinpb]I think the issue is not whether one of us Piggs missed out, but the principle of the behind the scene deals. If it occurs, then maybe we would miss out, or maybe others are missing out b/c of inside deals. [/quote]

    Look on the bright side. If indeed these are selling for less than they would on the open market, the impact would be to bring down the comps for all the other properties. From a buyer’s point of view is that not a good thing ?

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