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Does the bank know how there assets are being managed?
I just completed a sale on a REO.  The customer got a good de1al. The appraisal was over 35% higher than the purchase price.  The bank received a offer from one of my other customers 22% higher 3 months prior.
IS THIS HOW A PROPERTY SHOULD BE HANDLED TO MITIGAGE LOSSES!
What I do not understand is when the lender pulled the listing from one agent to another, the first agent would not submit it to the lender, indicated that I should wait to see who it was listed with when it got relisted.  So I waited and saw the list price get reduced by 10% !   Then the lender played games with credits even when the price was a full price offer!
After the offer finally got accepted, there was a requirement for the lender to do work.  After the work was done the purchaser was going to get an inspection.  The work done was done the specifics of the contract.
When the inspection was scheduled, the lock box was differnt then the one provided, (no one was available to provide correct combo for lock box). 
Set up a second inspection and the water and gas was  suppose to be on, so the inspector ... more

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