Did you know that when a "Homesteps" property comes on the market it is a Freddie Mac property. So here is what I found when working with them. The property comes on the market they may receive multiple offers. They only work with the first offer they receive. One might say that is great but here is the problem: The first offer may be low yet they counter back and forth and eventually it is accepted. The second offer may be much higher net for them yet they will not work with that offer. Freddie Mac again...is losing Millions if not Billions of dollars conducting business that way. So is the bailout money something they are receiving? Or...should I say our money? Why does our President put up with this? Please someone enlighten me. What is it that I may not know?
Phyllis James and Associates - Cambridge, MD
It has not been my experience at all that they only work with the first offer. They have also inplemented a new multiple offer procedure.
Jul 02, 2009 04:01 AM
Anonymous
Yes it is happening here. Even the listing agents will tell you it is the first offer they receive is the offer they work with. our tax payers money of course is going to them. That is what obama man used to bail the country out. Now we get to pay them back with more tax money and the taxes continue to rise.
Jul 02, 2009 04:34 AM
#2
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