Anyone ever seen this?

[Rich S.]

I recently came across a potential property in a market I haven’t explored before. Ran some numbers, took a look, cane to find out an investor has purchased 11 homes from an owner who passed away and was selling off a few less desirable for cash to rehab the others. Anywho, since it’s outside my area I ask the realtor if he has any local bank recommendations.... gives me a name, president is a good buddy of his, handles the loans like this from start to finish...I reach out on Monday. Don’t hear back, reach out Thursday for one last try, nothing.... find out this AM that an offer was accepted last night... realtor slips up and tells me his banker buddy bought it!! Just curious if it’s typical to have this happen. It’s a small community, less than 5,000, so I assume that makes a big difference, but makes me wonder how much I should share with a lender going forward!