BANK OWNED PROPERTY - Posted by AL

import · February 9, 2003, 9:41am

Posted by Ed Copp (OH) on February 09, 2003 at 15:09:58:

that the Realtor is not willing to put any of this in writing.

import · February 9, 2003, 9:41am

Posted by AL on February 09, 2003 at 10:41:29:

can anyone out there help me…

there is a property that i am intersted in that is owned by a bank. i went thru the realter and placed a bid which was accepted. the bank backed out of the deal. i have struck a deal with the realter to get the info on the person (bank) thats doing the deal for the bank, and compensate the realter at a later time. what would be the best way to approch the bank, how would i go about doing it.

thanks for any advice,
al

import · February 9, 2003, 7:45pm

Red Flag - Posted by Zack

Posted by Zack on February 09, 2003 at 20:45:58:

Something is wrong with that deal. I’m an agent in Atlanta and I have written hundreds of offers to banks and I have never seen a bank back out of a contract that was accepted. Did they accept it verbally or in writing?

import · February 9, 2003, 3:45pm

Re: BANK OWNED PROPERTY - Posted by Strange Tanks(Philly)

Posted by Strange Tanks(Philly) on February 09, 2003 at 16:45:45:

I’ve heard of unscrupulous realtors which don’t enter bids because they have favorite investors who they hold these properties for or they are trying to buy them themselves.