Comments on: Top 5 Reasons Why the Bank Did Not Accept Your REO Foreclosure Offer! http://www.biggerpockets.com/renewsblog/2009/12/07/top-5-reasons-bank-accept-reo-foreclosure-offer/ Learn, Network, Invest Sat, 11 Feb 2012 20:37:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: huwhttp://www.biggerpockets.com/renewsblog/2009/12/07/top-5-reasons-bank-accept-reo-foreclosure-offer/#comment-96050 huw Sun, 24 Jul 2011 23:22:51 +0000 http://www.biggerpockets.com/renewsblog/?p=9091#comment-96050 great information thankyou should help me when making offers in the future, also could you shed some light on types of software that you mentioned?Thanks Huw great information thankyou should help me when making offers in the future, also could you shed some light on types of software that you mentioned?

Thanks Huw

]]> By: Winston Westbrookhttp://www.biggerpockets.com/renewsblog/2009/12/07/top-5-reasons-bank-accept-reo-foreclosure-offer/#comment-76147 Winston Westbrook Thu, 10 Dec 2009 04:43:53 +0000 http://www.biggerpockets.com/renewsblog/?p=9091#comment-76147 @ Neil Boso, Thank you for your comment. I greatly appreciate it. I am glad I could be of some help. @ Joshua Dorkin, Thanks boss! I appreciate your encouragement. Glad I could shed a little light on the mystery behind the banking curtain. @ Neil Boso, Thank you for your comment. I greatly appreciate it. I am glad I could be of some help.
@ Joshua Dorkin, Thanks boss! I appreciate your encouragement. Glad I could shed a little light on the mystery behind the banking curtain.

]]> By: Joshua Dorkinhttp://www.biggerpockets.com/renewsblog/2009/12/07/top-5-reasons-bank-accept-reo-foreclosure-offer/#comment-76095 Joshua Dorkin Tue, 08 Dec 2009 15:21:25 +0000 http://www.biggerpockets.com/renewsblog/?p=9091#comment-76095 Great post, Winston. I hear from agents all the time who want to know why they don't hear back from REO listing agents, and they wonder what happened. This post should go a long way to help explain what is going on. Great post, Winston. I hear from agents all the time who want to know why they don’t hear back from REO listing agents, and they wonder what happened. This post should go a long way to help explain what is going on.

]]> By: neil bosohttp://www.biggerpockets.com/renewsblog/2009/12/07/top-5-reasons-bank-accept-reo-foreclosure-offer/#comment-76088 neil boso Tue, 08 Dec 2009 13:06:54 +0000 http://www.biggerpockets.com/renewsblog/?p=9091#comment-76088 It is very useful to us..You have done an great job.Such an informative and well formed post!Thank you for sharing that, it was wonderful of you. It is very useful to us..You have done an great job.Such an informative and well formed post!Thank you for sharing that, it was wonderful of you.

]]> By: Winston Westbrookhttp://www.biggerpockets.com/renewsblog/2009/12/07/top-5-reasons-bank-accept-reo-foreclosure-offer/#comment-76080 Winston Westbrook Tue, 08 Dec 2009 05:27:36 +0000 http://www.biggerpockets.com/renewsblog/?p=9091#comment-76080 @Bob: Yes, sometimes it's all about the net going to the bank. I wish we hand a magic wand in these situations for sure. Thanks for your comment Bob. Good luck to you. $875 in cash! I wonder what they did for a living, wow? @Bob: Yes, sometimes it’s all about the net going to the bank. I wish we hand a magic wand in these situations for sure. Thanks for your comment Bob. Good luck to you. $875 in cash! I wonder what they did for a living, wow?

]]> By: Bobhttp://www.biggerpockets.com/renewsblog/2009/12/07/top-5-reasons-bank-accept-reo-foreclosure-offer/#comment-76078 Bob Tue, 08 Dec 2009 01:58:10 +0000 http://www.biggerpockets.com/renewsblog/?p=9091#comment-76078 I big reason in our market is multiple offers. Here's an example. There was a short sale listing at $845,000 in which the bank had offers but could not get a deal completed so they foreclosed. The bank then listed the same property at $756,000. Within 4 days they had 61 offers. I'm told that the winning bid was over $875K and all cash. We had a very strong offer (over $850K) with strong buyers and were basically shut out. Not sure what else we can do here except to keep taking swings. I'm sure that we will connect soon. .-= Bob´s last blog ..<a href="http://www.therealestatemarketwatch.com/inventory-alamo-real-estate-continues-drop/" rel="nofollow">Inventory of Alamo Real Estate Continues to Drop</a> =-. I big reason in our market is multiple offers. Here’s an example. There was a short sale listing at $845,000 in which the bank had offers but could not get a deal completed so they foreclosed. The bank then listed the same property at $756,000. Within 4 days they had 61 offers. I’m told that the winning bid was over $875K and all cash. We had a very strong offer (over $850K) with strong buyers and were basically shut out. Not sure what else we can do here except to keep taking swings. I’m sure that we will connect soon.
.-= Bob´s last blog ..Inventory of Alamo Real Estate Continues to Drop =-.

]]>