ha<ha any one trying to buy a home in these times knows how tru this video is FHA,VA good luck and what the hell every REO u need to cross qual….highest and best!!!! get the hell out of here with that sh!t
Sounds like the majority of REO properties in the greater Phoenix area. Yesterday I visited a listing on the first day and the line of prospective buyers with agent was in place when I arrived and there were others waiting as we exited. Then my buyer suggested he would be willing to make an offer at 20% under list!!!
I’d start naming names and pointing fingers. But that would be a violation of my REALTOR Code of Ethics. Most short sales prices are being thrown out there just to see if they’d stick. I saw a property listed on the MLS for $1 and called the agent on it. He said that the price was only to spark interest.
It is an absolute mess how these homes can be sold with no regard to ethics or the laws. Why on earth the banks dump 100s of listings on overworked agents who just stumbled upon them because they did some BPOs for them is beyond me. The irony is that us taxpayers bailed these banks out that are not diversifying and driving down prices and the tax base.
Buyers who think they can simply get their offer accepted by offering the full price listed on MLS is stuck in 2008. Sadly, many buyers think it’s a buyer’s market when the market is not in their favor at all! Work with a buyer’s agent who is willing to work hard for you is definitely the key!
This is the truth, I know this agent. He has made millions in the last year and a half. He is a machine processing cash only offers from a list of investors as long as the Rio Grande. I know another who has 1.2 billion in investor money (2 investors) with orders to buy hundreds of homes in bulk if possible. The listing prices are just plain ink. In fact in So.Cal they have dropped that rouge since there are no homes available to real people who really want a home. I am in a related business.
You arrogant, snide, b—ch. You are obviously one of the preffered agents who has (somehow worked? gag!) her way into the good graces of an asset manager or six. I know so many diligent good agents who work thier a-s off and get nowhere while things like you have an inside track and get everything through. Don’t get on here acting like you’re superior, you’re an as-. Sorry for the cursing everyone but this is the blue robot in the flesh. All of us who are in lending know what she is. Sickening
This is a self-serving video which does have a basis in fact for most agents, The truth is that a few people have learned the system and know how to play it. These peole then are perceived as ones who makes the lenders’ jobs easier, so they get calls on more deals. Buyers need to find CDPE certified agents who are trained to go through the process. Too many properties are being listed by agents claiming to be “specialists” and they do not even know who the lender is!
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Check out the reply video called How to list a bank owned home
WOW, This is awesome and it is SO TRUE!!!
So sad but true!
Another Great Video Kris!
VERY true… so true it really is scary. (And these stupid banks want bailouts!)
Wow how true, out here in Fontana we called another agent and they had 74 offers, thats crazy. lol funny as hell though.
This was so smart…and unfortunately not too far off from the truth….crazy times.
This video is so so funny and true here in the LA area
I hope this is not true, I just found a REO..lol
I am a Realtor in the State of Arizona. Sadly, this rings true for me and most of the other agents I have talked to lately.
Ha ha! This is soooo true in the Atlanta area especially the “arrogant” part. Has anybody sent this to freddie and Fannie?
Well its not just REO’s. Im seeing multiple offers on all my short sales here in CA.
This is so true from stories my sister tells me from the REO office she works in.
This is so true! Great video! Now I can laugh about it, because I just closed on a bank-owned property. That’s exactly how the procedure is. Scary!!!
ha<ha any one trying to buy a home in these times knows how tru this video is FHA,VA good luck and what the hell every REO u need to cross qual….highest and best!!!! get the hell out of here with that sh!t
Sounds like the majority of REO properties in the greater Phoenix area. Yesterday I visited a listing on the first day and the line of prospective buyers with agent was in place when I arrived and there were others waiting as we exited. Then my buyer suggested he would be willing to make an offer at 20% under list!!!
Way too ttrue life. Scary and sad.
I’d start naming names and pointing fingers. But that would be a violation of my REALTOR Code of Ethics. Most short sales prices are being thrown out there just to see if they’d stick. I saw a property listed on the MLS for $1 and called the agent on it. He said that the price was only to spark interest.
It is an absolute mess how these homes can be sold with no regard to ethics or the laws. Why on earth the banks dump 100s of listings on overworked agents who just stumbled upon them because they did some BPOs for them is beyond me. The irony is that us taxpayers bailed these banks out that are not diversifying and driving down prices and the tax base.
Buyers who think they can simply get their offer accepted by offering the full price listed on MLS is stuck in 2008. Sadly, many buyers think it’s a buyer’s market when the market is not in their favor at all! Work with a buyer’s agent who is willing to work hard for you is definitely the key!
LOL bid 20000 over on 4 homes and they all sold cash to investors!
This is the truth, I know this agent. He has made millions in the last year and a half. He is a machine processing cash only offers from a list of investors as long as the Rio Grande. I know another who has 1.2 billion in investor money (2 investors) with orders to buy hundreds of homes in bulk if possible. The listing prices are just plain ink. In fact in So.Cal they have dropped that rouge since there are no homes available to real people who really want a home. I am in a related business.
You arrogant, snide, b—ch. You are obviously one of the preffered agents who has (somehow worked? gag!) her way into the good graces of an asset manager or six. I know so many diligent good agents who work thier a-s off and get nowhere while things like you have an inside track and get everything through. Don’t get on here acting like you’re superior, you’re an as-. Sorry for the cursing everyone but this is the blue robot in the flesh. All of us who are in lending know what she is. Sickening
This is a self-serving video which does have a basis in fact for most agents, The truth is that a few people have learned the system and know how to play it. These peole then are perceived as ones who makes the lenders’ jobs easier, so they get calls on more deals. Buyers need to find CDPE certified agents who are trained to go through the process. Too many properties are being listed by agents claiming to be “specialists” and they do not even know who the lender is!
Poor guy.
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