You know it never ceases to amaze me the on bank owned property(REO's) the attitudes purveyed and delays in responses  and of their requests of potential buyers.

I have no problem with the confirmation of buyer's ability to purchase by the banks own lender.

I take great exception though when it is relayed to me that the bank who owns the property will refuse to give credit back in closing costs UNLESS your buyer uses the banks own lending service.

I take great exception that the banks are allowed to flagrantly disregard RESPA rules by demanding the buyer use the banks own choice of escrow and title company and then NOT pay the fees for such.

It is a known fact that those title companies in southern california historically have charged excessively more than the local title companies where I am located in the greater Walnut Creek area.

So the buyer not only has to give up their right of choice for escrow company but also has to incur a greater cost in closing costs.

I take great exception when a banks response may be a verbal acceptance of contract but until written acceptance has been conveyed which can take weeks and weeks the buyer is not assured of a ratified contract and the bank has the right to pull back their acceptance until such approval in writing has been received and acknowledged by the buyer. YET they are expected to move forward with the escrow process or inspections ............

I guess I missed something along the way here.............