REO sale at less than our offer

[SD Realtor]

Racer do you know if it was a cash deal that was accepted? Should be easy to find out, go to the tax roll and take a look.

Sadly this sort of stuff happens in real estate and is quite unethical. Of course you cannot get the house but you CAN make things uncomfortable for that agent and his/her broker. You can go to the broker with your offer and show that broker the offer and ask what happened. If the broker has some compelling reason for why your offer was not selected such as an all cash offer or a very low loan amount, or perhaps no contingencies at all, or something like that, then that could help give you the answer you are looking for as well.

If there seems to be no compelling reason other then the agent simply wanted the best offer you can make a complaint to the DRE.

Understand this is alot of legwork on your part but if nobody complains about this behavior it WILL NEVER STOP.

I would strongly encourage you to follow up.

************

Sadly this happens alot and yeah perhaps you should consider going directly to the listing agent for an REO. However in doing so you should also abandon hope for quality representation. However if you have your wits about you, get a good physical inspector and ask someone knowledgeable for some help, then maybe it is the way to go.

Good luck with the next place and hang in there. There will be PLENTY more.

[Racer5]

Thanks SD.

I have figured out how to take a parcel# and pull up the property tax record online, then take the ownership information and pull up the grantor/grantee records at the recorder online, then (maybe) order the docs in question. Is that basically what you mean by tax roll? It does seem to take awhile for the property tax ownership updates to show up online. I imagine a title company can do this automagically.

Thanks,
Racer5

[Racer5]

Thanks SD.

I have figured out how to take a parcel# and pull up the property tax record online, then take the ownership information and pull up the grantor/grantee records at the recorder online, then (maybe) order the docs in question. Is that basically what you mean by tax roll? It does seem to take awhile for the property tax ownership updates to show up online. I imagine a title company can do this automagically.

Thanks,
Racer5

[Racer5]

Thanks SD.

I have figured out how to take a parcel# and pull up the property tax record online, then take the ownership information and pull up the grantor/grantee records at the recorder online, then (maybe) order the docs in question. Is that basically what you mean by tax roll? It does seem to take awhile for the property tax ownership updates to show up online. I imagine a title company can do this automagically.

Thanks,
Racer5

[Racer5]

Thanks SD.

I have figured out how to take a parcel# and pull up the property tax record online, then take the ownership information and pull up the grantor/grantee records at the recorder online, then (maybe) order the docs in question. Is that basically what you mean by tax roll? It does seem to take awhile for the property tax ownership updates to show up online. I imagine a title company can do this automagically.

Thanks,
Racer5

[Racer5]

Thanks SD.

I have figured out how to take a parcel# and pull up the property tax record online, then take the ownership information and pull up the grantor/grantee records at the recorder online, then (maybe) order the docs in question. Is that basically what you mean by tax roll? It does seem to take awhile for the property tax ownership updates to show up online. I imagine a title company can do this automagically.

Thanks,
Racer5

[SD Realtor]

The MLS has a function called Realist. Simply ask your agent to pull up the realist tax roll report and on there it will specify how much the note is for (or notes if there were 2 mortgages). If there is no note then the purchase was cash. Also when the property was entered as sold on the MLS the realtor must enter whether the sale was cash or financing and if it was financed whether it was conventional or not. It is a task that will take a realtor about 40 seconds. If you wanna post the address or pm it I can do it for you or any of the realtors on the site here can.

[SD Realtor]

The MLS has a function called Realist. Simply ask your agent to pull up the realist tax roll report and on there it will specify how much the note is for (or notes if there were 2 mortgages). If there is no note then the purchase was cash. Also when the property was entered as sold on the MLS the realtor must enter whether the sale was cash or financing and if it was financed whether it was conventional or not. It is a task that will take a realtor about 40 seconds. If you wanna post the address or pm it I can do it for you or any of the realtors on the site here can.

[SD Realtor]

The MLS has a function called Realist. Simply ask your agent to pull up the realist tax roll report and on there it will specify how much the note is for (or notes if there were 2 mortgages). If there is no note then the purchase was cash. Also when the property was entered as sold on the MLS the realtor must enter whether the sale was cash or financing and if it was financed whether it was conventional or not. It is a task that will take a realtor about 40 seconds. If you wanna post the address or pm it I can do it for you or any of the realtors on the site here can.

[SD Realtor]

The MLS has a function called Realist. Simply ask your agent to pull up the realist tax roll report and on there it will specify how much the note is for (or notes if there were 2 mortgages). If there is no note then the purchase was cash. Also when the property was entered as sold on the MLS the realtor must enter whether the sale was cash or financing and if it was financed whether it was conventional or not. It is a task that will take a realtor about 40 seconds. If you wanna post the address or pm it I can do it for you or any of the realtors on the site here can.

[SD Realtor]

The MLS has a function called Realist. Simply ask your agent to pull up the realist tax roll report and on there it will specify how much the note is for (or notes if there were 2 mortgages). If there is no note then the purchase was cash. Also when the property was entered as sold on the MLS the realtor must enter whether the sale was cash or financing and if it was financed whether it was conventional or not. It is a task that will take a realtor about 40 seconds. If you wanna post the address or pm it I can do it for you or any of the realtors on the site here can.

[Racer5]

Thanks for all the info SD.

After hearing the listing agents feedback, I am even more convinced that to get a desirable, well priced REO your either,

A) have to have an agent that really really knows whats going and still get very lucky.

B) work directly with the listing agent, and get lucky.

Thanks,
Racer5

[Racer5]

Thanks for all the info SD.

After hearing the listing agents feedback, I am even more convinced that to get a desirable, well priced REO your either,

A) have to have an agent that really really knows whats going and still get very lucky.

B) work directly with the listing agent, and get lucky.

Thanks,
Racer5

[Racer5]

Thanks for all the info SD.

After hearing the listing agents feedback, I am even more convinced that to get a desirable, well priced REO your either,

A) have to have an agent that really really knows whats going and still get very lucky.

B) work directly with the listing agent, and get lucky.

Thanks,
Racer5

[Racer5]

Thanks for all the info SD.

After hearing the listing agents feedback, I am even more convinced that to get a desirable, well priced REO your either,

A) have to have an agent that really really knows whats going and still get very lucky.

B) work directly with the listing agent, and get lucky.

Thanks,
Racer5

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