REO Sale Questions and Possible Shady Listing Agent
Am looking at an REO property. Listing Agent stated he owned it with a partner. Have a 7 day option on it now, in checking the local appraisal district information turns out it's owned by the bank and the bank has it on their REO website for 24k less than the listing agent has it on MLS. The option contract lists the listing agent and his partner as sellers. Is this guy trying to assign the contract and do a double closing hoping no one catches on or do the banks let the local listing agents make up their own prices in hopes of getting more money? Why isn't the banks name on the option contract? No one answers the phone at the main website for the banks agents in Utah. I want the property but would like it at the price the bank has it listed for rather than the local agents price.