Does anyone know if bank's implement a standard process in managing short sale properties with real estate brokers or does the bank or mortgage company decided if they are only seeing the highest bid or all bids? If the property will be listed on MLS and for how long?
The listing agent put a property on MLS and when our agent called to show - refused by saying that "his investor had already made an offer and he wasn't accepting any other offers. I just put it on MLS because the bank requires it". We presented a bid on the short sale property anyway and KNOW it was $25,000 more than the offer presented.
The listing price on the property was $130K less than the outstanding mortgage! To make matters even more suspect - after researching the tax records and deed...the same person or persons with the same very unusual last name have bought, sold, refinanced, quick-deeded, etc this same house 7 times in the past four years.
Don't you think the bank would be interested in this information?
