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.
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.
Zambrana4685 2 months ago