Updated over 14 years ago on . Most recent reply
Irresponsible broker
I was bidding on an REO property in CT, and found out that the listing broker was holding my bid instead of forwarding it to the bank.
First time I made a bid, she held it and I lost the bid, the property going to another buyer. The property went off the market, but I kept a watch and when the first bidder didn't get their loan, I re-bid on the property. After several days, the bank supposedly came back with a counter offer, and I countered. I waited 4-5 more days, and then called the bank directly to ask why I hadn't heard anything (the broker already seemed incompetent, so I decided to do an end run). The bank called the broker who got pissed and called my broker, and the listing broker revealed she hadn't put my bid in (though had just submitted another bid which the bank ended up accepting).
What's my recourse? I'm going to file a complaint against the broker with the CT Real Estate Commission. I really want the property - is there any legal recourse?