sdr
On a REO sale offer,does the listing agent come back to the other bidders and ask for a final offer. Or do they assume the highest price offer submitted will complete the deal.
This happened in a matter of 3 days
Who checks the pre approval and pre qual letters?The bank in days!!
I have a female friend who submitted an offer thru an agent to TRIAD .
Her agent called 3 days after. Another offer accepted !!
The reason they gave was the bank accepted the highest offer without notifying the her agent(he is such a wuss)
I mean isn’t it common courtesy to notify the agent about this.
She believes that an agent that works for Triad got the deal.Insider Trading? hmmm..unethical
I think that this is a disservice to the bank- seller,as they could have had a better price.
would like readers opinion
Most REO’s require buyers to prequalify with their lender. They dont require them to use their lender but they want to know the buyer is legit.
Everyone does it differently but here is how my friend (one of the top REO guys around does it as do most of the good ones). If there are multiple offers, the agent usually goes back and asks everyone to submit “their highest and best offer”. Then they pick the one they want.
Most REO’s require buyers to prequalify with their lender. They dont require them to use their lender but they want to know the buyer is legit.
Everyone does it differently but here is how my friend (one of the top REO guys around does it as do most of the good ones). If there are multiple offers, the agent usually goes back and asks everyone to submit “their highest and best offer”. Then they pick the one they want.
Most REO’s require buyers to prequalify with their lender. They dont require them to use their lender but they want to know the buyer is legit.
Everyone does it differently but here is how my friend (one of the top REO guys around does it as do most of the good ones). If there are multiple offers, the agent usually goes back and asks everyone to submit “their highest and best offer”. Then they pick the one they want.
Most REO’s require buyers to prequalify with their lender. They dont require them to use their lender but they want to know the buyer is legit.
Everyone does it differently but here is how my friend (one of the top REO guys around does it as do most of the good ones). If there are multiple offers, the agent usually goes back and asks everyone to submit “their highest and best offer”. Then they pick the one they want.
Most REO’s require buyers to prequalify with their lender. They dont require them to use their lender but they want to know the buyer is legit.
Everyone does it differently but here is how my friend (one of the top REO guys around does it as do most of the good ones). If there are multiple offers, the agent usually goes back and asks everyone to submit “their highest and best offer”. Then they pick the one they want.
