Home › Forums › Closed Forums › Properties or Areas › sdr/SDR, how can this not be fraud???
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CA renter.
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July 3, 2009 at 1:59 PM #425416July 3, 2009 at 2:05 PM #424682
CA renter
Participant[quote=sdrealtor]Probably the agent trying to slip their own buyer in on it but it is not fraud. The lender has the choice of accepting, rejecting or countering the offer. It is not the sellers obligation to bring them the highest offer and sometimes it is not in the sellers best interest to do so (i.e. someone submits an offer well beyond what a house could appraise with financing they will never get).
BTW, if you would pay more for that house than what it is listed there is no way you can ever expect to win our wager.[/quote]
I’m willing to pay a bit extra now in order to get settled (the proverbial “I’m willing to take a loss”). 😉
Not too much more, mind you, but a bit, if everything else falls into place.
We’d prefer a 4/2 (or more), single-story home with a pool in our desired area. If that house came up without the contingent status, we’d be willing to offer more than $450K to be done with it. I imagine this would have gone for around $300K-$380K in the 2000/2001 timeframe (what I consider to be “pre-bubble” and think we’ll see again).
July 3, 2009 at 2:05 PM #424915Participant[quote=sdrealtor]Probably the agent trying to slip their own buyer in on it but it is not fraud. The lender has the choice of accepting, rejecting or countering the offer. It is not the sellers obligation to bring them the highest offer and sometimes it is not in the sellers best interest to do so (i.e. someone submits an offer well beyond what a house could appraise with financing they will never get).
BTW, if you would pay more for that house than what it is listed there is no way you can ever expect to win our wager.[/quote]
I’m willing to pay a bit extra now in order to get settled (the proverbial “I’m willing to take a loss”). 😉
Not too much more, mind you, but a bit, if everything else falls into place.
We’d prefer a 4/2 (or more), single-story home with a pool in our desired area. If that house came up without the contingent status, we’d be willing to offer more than $450K to be done with it. I imagine this would have gone for around $300K-$380K in the 2000/2001 timeframe (what I consider to be “pre-bubble” and think we’ll see again).
July 3, 2009 at 2:05 PM #425197Participant[quote=sdrealtor]Probably the agent trying to slip their own buyer in on it but it is not fraud. The lender has the choice of accepting, rejecting or countering the offer. It is not the sellers obligation to bring them the highest offer and sometimes it is not in the sellers best interest to do so (i.e. someone submits an offer well beyond what a house could appraise with financing they will never get).
BTW, if you would pay more for that house than what it is listed there is no way you can ever expect to win our wager.[/quote]
I’m willing to pay a bit extra now in order to get settled (the proverbial “I’m willing to take a loss”). 😉
Not too much more, mind you, but a bit, if everything else falls into place.
We’d prefer a 4/2 (or more), single-story home with a pool in our desired area. If that house came up without the contingent status, we’d be willing to offer more than $450K to be done with it. I imagine this would have gone for around $300K-$380K in the 2000/2001 timeframe (what I consider to be “pre-bubble” and think we’ll see again).
July 3, 2009 at 2:05 PM #425267Participant[quote=sdrealtor]Probably the agent trying to slip their own buyer in on it but it is not fraud. The lender has the choice of accepting, rejecting or countering the offer. It is not the sellers obligation to bring them the highest offer and sometimes it is not in the sellers best interest to do so (i.e. someone submits an offer well beyond what a house could appraise with financing they will never get).
BTW, if you would pay more for that house than what it is listed there is no way you can ever expect to win our wager.[/quote]
I’m willing to pay a bit extra now in order to get settled (the proverbial “I’m willing to take a loss”). 😉
Not too much more, mind you, but a bit, if everything else falls into place.
We’d prefer a 4/2 (or more), single-story home with a pool in our desired area. If that house came up without the contingent status, we’d be willing to offer more than $450K to be done with it. I imagine this would have gone for around $300K-$380K in the 2000/2001 timeframe (what I consider to be “pre-bubble” and think we’ll see again).
July 3, 2009 at 2:05 PM #425431Participant[quote=sdrealtor]Probably the agent trying to slip their own buyer in on it but it is not fraud. The lender has the choice of accepting, rejecting or countering the offer. It is not the sellers obligation to bring them the highest offer and sometimes it is not in the sellers best interest to do so (i.e. someone submits an offer well beyond what a house could appraise with financing they will never get).
BTW, if you would pay more for that house than what it is listed there is no way you can ever expect to win our wager.[/quote]
I’m willing to pay a bit extra now in order to get settled (the proverbial “I’m willing to take a loss”). 😉
Not too much more, mind you, but a bit, if everything else falls into place.
We’d prefer a 4/2 (or more), single-story home with a pool in our desired area. If that house came up without the contingent status, we’d be willing to offer more than $450K to be done with it. I imagine this would have gone for around $300K-$380K in the 2000/2001 timeframe (what I consider to be “pre-bubble” and think we’ll see again).
July 3, 2009 at 2:07 PM #424687Participant[quote=briansd1]I keep on saying that if short sales were so easy to obtain, then why wouldn’t everyone want to go do one?
Sell to your best friend/relative, split the difference, then buy back the house later.
[/quote]
This really is what’s going on in some cases — inside deals where the seller knows the buyer, and short-sells it for way below market price. Then, they flip it for a nice profit, or keep it at its new, low price…all at the bank’s (read: taxpayers’) expense.
July 3, 2009 at 2:07 PM #424920Participant[quote=briansd1]I keep on saying that if short sales were so easy to obtain, then why wouldn’t everyone want to go do one?
Sell to your best friend/relative, split the difference, then buy back the house later.
[/quote]
This really is what’s going on in some cases — inside deals where the seller knows the buyer, and short-sells it for way below market price. Then, they flip it for a nice profit, or keep it at its new, low price…all at the bank’s (read: taxpayers’) expense.
July 3, 2009 at 2:07 PM #425202Participant[quote=briansd1]I keep on saying that if short sales were so easy to obtain, then why wouldn’t everyone want to go do one?
Sell to your best friend/relative, split the difference, then buy back the house later.
[/quote]
This really is what’s going on in some cases — inside deals where the seller knows the buyer, and short-sells it for way below market price. Then, they flip it for a nice profit, or keep it at its new, low price…all at the bank’s (read: taxpayers’) expense.
July 3, 2009 at 2:07 PM #425272Participant[quote=briansd1]I keep on saying that if short sales were so easy to obtain, then why wouldn’t everyone want to go do one?
Sell to your best friend/relative, split the difference, then buy back the house later.
[/quote]
This really is what’s going on in some cases — inside deals where the seller knows the buyer, and short-sells it for way below market price. Then, they flip it for a nice profit, or keep it at its new, low price…all at the bank’s (read: taxpayers’) expense.
July 3, 2009 at 2:07 PM #425436Participant[quote=briansd1]I keep on saying that if short sales were so easy to obtain, then why wouldn’t everyone want to go do one?
Sell to your best friend/relative, split the difference, then buy back the house later.
[/quote]
This really is what’s going on in some cases — inside deals where the seller knows the buyer, and short-sells it for way below market price. Then, they flip it for a nice profit, or keep it at its new, low price…all at the bank’s (read: taxpayers’) expense.
July 3, 2009 at 2:08 PM #424692SD Realtor
ParticipantYep I called the listing agent. A husband and wife team from my favorite agency. Anyways she confirmed that the offer was accepted and no the buyer sent in the offer without even looking at the home. I asked her if it was an “in house” offer. After she made me repeat the question 4 times she finally said yes it is.
July 3, 2009 at 2:08 PM #424925ParticipantYep I called the listing agent. A husband and wife team from my favorite agency. Anyways she confirmed that the offer was accepted and no the buyer sent in the offer without even looking at the home. I asked her if it was an “in house” offer. After she made me repeat the question 4 times she finally said yes it is.
July 3, 2009 at 2:08 PM #425208ParticipantYep I called the listing agent. A husband and wife team from my favorite agency. Anyways she confirmed that the offer was accepted and no the buyer sent in the offer without even looking at the home. I asked her if it was an “in house” offer. After she made me repeat the question 4 times she finally said yes it is.
July 3, 2009 at 2:08 PM #425277ParticipantYep I called the listing agent. A husband and wife team from my favorite agency. Anyways she confirmed that the offer was accepted and no the buyer sent in the offer without even looking at the home. I asked her if it was an “in house” offer. After she made me repeat the question 4 times she finally said yes it is.
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