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offer: To the REO Agents: What's with the attitude? - 08/25/08 06:11 PM
Venting....can't believe the attitude of some of the REO agents who must be so drunk with power and so busy with their listings that they have forgotten the simple rules of courtesy and professionalism.
My clients and I went to see an REO house, but when I opened the lockbox, there was no key. So on Tuesday and Wednesday. I called the listing agent named Jerry and left messages about the absence of a key. I even followed up with two emails, asking when can we see it.
On Thursday, I reached his partner Val. I told him I haven't had a call back … (9 comments)

offer: Bank won't take back up offers on REO. Is this typical? - 05/11/08 04:26 AM
Every day, there seems to be something new to learn. And in this sea of short sales, trustee sale and REOS, there are so many new or different rules, practices.
There is an REO property that was on the market only two days before it was posted as pending. An agent in the same office as the listing agent submitted an offer the day it was activated on the MLS; the bank countered the next day, and poof! It was accepted on the third day.
Unfortunately, my client and I couldn't see it until the fourth day on market. I called the listing … (8 comments)

offer: Is this right? Short sale listing agent sent all offers directly to lender, bypassed seller. - 04/29/08 02:45 AM
I submitted an offer on a short sale listing last week. When I followed up with the agent on the seller response, she told me that she received four offers and that she sent them directly to the lender for approval. No written response (acceptance, counter or rejection) from the seller.
Is this right? Seems like she skipped a step and that is to have the seller formally respond to the offer(s). 
Regardless of which offer is in first and back up positions, and knowing that the lender will make the final decision, the seller still owns the property and still has a role in the … (13 comments)

offer: Short Sale: When do/should you put PENDING on the MLS --- when sellers, or lenders officially accept? - 04/07/08 05:28 PM
There's an active discussion and differing opinions on when a REALTOR should amend the status of the MLS posting of a short sale.
When the Sellers accept the offer ORWhen the Lenders accept?When is the contract officially ratified? When is it binding?
The California Association of REALTORs  defers to the local MLS. The local MLS said to change listing to pending when the Sellers accept. What if the Lenders reject or counter the offer?
Obviously, from the Buyer's agent's point of view, it will be great if the property is posted as pending so that other agents will be less inclined to submit an offer … (8 comments)

 
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Pacita Dimacali - ePRO, SRES, CDPE, MBA Alain Pinel in Alameda County CA

Oakland, CA

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Alain Pinel

Address: 6211 La Salle Ave, Oakland, CA, 94611

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