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Great priced Home REO!! Someone took the key!!
Has this been happening to you lately?  I've been showing a bunch of bank owned houses lately and alot of them are very aggressively priced and command multiple offers.  On the really good deals especially, I often go to show a house and the key has been taken out of the lockbox!!
Today, I went to show a house that is probably $40k under market (even in our depressed market) and the key was missing out of the lockbox.  I called the agent and he said "I had one agent call me this afternoon telling me she was sending an offer and soon after that, I had ten more agents call saying the key was missing."  This REO agent said he was putting a new key in on Thursday and wouldn't submit offers to the bank until Sunday, in order to give all agents an equal chance since the key was missing.
Very professional agent!!  Anyone else have this happen to your listings and how do you combat it?
I'm in Temecula CA (Southern California) and we have numerous bank owned properties that have combo lockboxes for access.
Kristi Roberts
Primary Capital Real Estate
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