When submitting your offers to an REO agent, put in your contract that you are to receive copies of the negotiation worksheet. This will insure that your buyer has proof that their offer was submitted and what date and time that offer was submitted. If they bulk on this, go to their broker as you would be given the right to present your offer face to face on behalf of your buyer, you have a right to prove that their contract has been presented to the seller and negotiated. The banks have no problem rejecting contracts in writing to provide proof.
Note: in my 10+ years experience as an REO Veteran, when there are multiple contracts, the 3 dozen clients I've worked with have always, ALWAYS, stopped negotiations and asked for a highest and best from ALL parties and resumed negotiations with whom they deemed the highest and best at that point. The REO agent is the gate keeper. If you are not given the opportunity for a highest and best, and there were multiple contracts, that means the REO agent was, in my opinion, taking the easy lazy way out and not representing his/her client's best interests to go after a highest and best offer.
Wishing you sunshine,
http://www.linkedin.com/in/janetfetterman
Janet Fetterman Broker Associate/Owner
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