Multiple Offer Situation in an REO Sale

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
262 views
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Aug 17, 2010

When several offers are recieved on an REO Listing, a Multiple Offer Situation arrises. Most banks will require a Multiple Offer Acknowledgement to be signed by all parties involved and then your "Highest and Best" or "Final and Best" will also then be requested (typically). When making a sound real estate decision, do your homework, or due diligence, first of all. Once you've decided what the home is worth to you, submit what you are willing to pay and cross your fingers.

  • likes, 0 dislikes

Link to this comment:

Share to:
see all

All Comments (1)

Sign In or Sign Up now to post a comment!
  • I want to share a book that just came out a couple months ago called “REO BOOM” it has the inside scoop on how to get listings direct from the bank. How to do CFK’s, BPO’S all you will need to know to become a listing agent is in this book. I hope you find it helpful.

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more