In the world of REO properties the new buzz word is "Highest and best" offers. Suddenly, there`s a rash of multiple offers appearing on properties that have been on the market in some instances for 280 days or longer!
Did the market suddenly change or are these Realtors representing the lenders by playing games? Some hold offers back presenting their own personal offers only. The lenders seem not to have a check and balance system in place.
Basically some Realtors are "NOT" doing their jobs, and are making decisions that can cost them their license.
It`s hard to imagine that a Realtor would risk losing their license,yet, many of you can relate to this topic.
We`re dealing with a Realtor who continues to astound us. He continues to act as if he`s doing his job properly. There seems to be no logic as to whats going on and it`s baffling!
Twice, he`s assured us he was in contact with the lenders only to be caught in a web of lies.
His refusal to present our offer and others is based on his belief that a better offer will arrive from one of his clients.
This isn`t how the lenders intended these sales to be conducted.
Worse, this particular Realtor has broken all rules of the "Code of Ethics".
If the lenders continue to not have a system of checks and balances towards the process of accepting offers, this type of irrational behavior will continue!In the end guess who pays? The taxpayers. Not good!
Greed changes people! After 3 years of dealing with Foreclosures, REO`s and Short Sales the lenders should have some sort of stream line system installed.
Many of these lenders should post a "Net Sheet" offer the Real Estate community the opportunity to see these sheets and allow the Realtors to go from there properly informing their clients the right way.
The system as it stands right now is so antiquated that it makes little or no sense. Yet, the lenders swear up and down to the media they`re doing everything in their power to change the way these properties are sold.
I`m positive each and everyone of you will agree, that isn`t the case any longer. 
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You bring up an important point and while I hate to be a finger pointer, the solution might well be in makiing lenders better communicators, forcing them to acknowledge in writing (email) the receipt of the offer and what stage it is in - too much clandestine stuff and make realtors who are feeling the pressure of providing answers to inquiring potential buyers crack.