INSIDE DEALS KILLING ME
I am hoping someone can shed some light on this for me. Here is a common occurrence for me here in the NY METRO area..
I wake at 6am to an MLS alert via a realtor I work with that a bank owned 2 family hit the market today.
I am in the property by 11am, and make a decent, all cash, waive inspections, offer by 5pm.
Note: ** there is not even a for sale sign on the property as of 5pm.
By 7 am the next morning, the listing is changed to UNDER CONTRACT.
Questions:
1) is this clearly an inside deal? This foreclosure agent had already had this "pre sold" to a friend, business partner, etc?
2) wouldn't the bank want it to go to "best and highest" round? I am tempted to call the bank and inquire ?
3) is the realtor violating any realtor rules, ethics with such a quick sale, with no sign.
4) all this aside, how do I get these deals!?!?!
Jk