| Name:
xavier paredes
Title of Question:
REO handled by a Real Estate Agency |
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Question: I've submitted two offers in an attempt to purchase a bank owned property. However, the property is being listed by a real estate agency therefore, I'm not dealing directly with the bank. My first offer was declined (supposedly) and so was my second offer, which was very reasonable in my opinion.rnrnHere's my question: I'm wondering if there's a way I can find out if the bank actually got hold of my offers. I was told by someone else that sells REOs for a living that sometimes the real estate agent can/will withhold some offers because they are pulling some stings to give preference to other preferred customers/clients or friends. Do these kinds of things actually happen? Do I have the legal right to demand a document from the seller (i.e. bank) that indicates that my offer has been declined?rnrnThanks in advance for any advise.rnXavierrnrn |
Post Your Answer To The Question Above:
Name:
james
| Date: June 28, 2008, 1:11 pm
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| Answer:
I am in the same situation here in California and I am told that the bank can do what ever they want and I assume that goes for the real estate agency they hire. I have asked my realtor for confirmation that my offer was received and he said that the bank does not have to respond. |
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