Updated over 15 years ago on . Most recent reply
Which is the worst REO lender to deal with?
My vote goes to Deutsche Bank. It was almost comical how badly they mishandled the last REO I bought- from beginning to end...
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As a buyer's agent (retail...don't moderate me Josh!) almost strictly for REO, I've seen a lot of different banks, and to be honest its really more about the asset manager and the listing agent than it is the bank themselves.
However...
I did have my commission changed via white out during escrow one time. Purchase agreement, Cooperating Broker Commission Form, and MLS Listing (both active and pending) all said I was to make a 5% commission. Then when I get the signed purchase contract back from the bank (EMC...they are just brutal on response time and organization), it had been changed to 4% (in different handwriting).
Not that I would ordinarily complain about a 4% commish... but the principle of whiting it out and changing it really rubbed me the wrong way.
Anyone wanna top that?