Real Estate Investor · Bayou Vista, TX · Member since 2008 · 58 posts · 8 votes
I have bid on this place twice now. It is not a hud but is owned by Chase. The first was a finance offer 4K over the asking price. They took some other offer, fine. Now it pops up again a month later so I offer a few hundred OVER asking price with cash. They decline my offer do not counter and to top it off accept NO offers. This to me screams that there is somthing going on here not on the level what is your opinion on what to do.
I've never had any luck w Bid Select. I've made hundreds of offers on there, and can never get them to budge. I had a friend who recently got them to drop 30k on one of their properties, though.
I doubt there is anything fishy going on, they are probably just slow and inefficient like the majority of the people involved in the REO sales process.