REO Listing Agents BEWARE: Buyers are on to your games!

Very funny, Bob. However, because I work with and am friends with a prominent REO listing agent, I'm going to have to take the stance that the youtube video is completely inaccurate and all its accusations are totally unfounded. ;-)

Bob - I recently came across this video too and reblogged it as well.  I initially made it members only but am now thinking my clients should see it too. I couldn't stop laughing through this whole video because it describes the REO market here in Los Angeles and & Ventura counties to a tee.

I also emailed it to my Realtor friends who are emailing it around but now they've named the REO LA in the video the same nickname that we all have for a big REO LA around here.  At some point, someone is going to forward the video to that REO LA and he is going to see himself all over it.  Who knows, maybe he'll realize what a jerk he comes across as.  We can only hope.  As for you John, let's hope that you don't recognize yourself in this video.

On another note, the biggest problem I have with so many of the REO LA's around here are like you said - the games they play. In an effort to appear like they are operating within the confines of rules and regulations they are bound by, they list their bank sellers properties on the MLS to appear as though they are equal opportunity sellers.

In actuality they have no intention of accepting financed offers and they're just waiting for the highest cash offer.  To insure this, they specifically put a deadline on when offers need to be in and on that date they accept the highest cash offer regardless of how many higher financed offers they have.

They could have saved a lot of buyers agents, buyers and buyers LO's a lot of time energy if they just listed the property "CASH OFFERS ONLY - REGARDLESS OF HOW LOW IT IS"  "DON'T BOTHER MAKING ANY HIGHER THAN LIST FINANCED OFFERS - ESPECIALLY FHA OFFERS"  "FHA BUYERS ARE ABSOLUTELY WORTHLESS BUYERS"

very funny this video!lol  I'll re-blog it ok?

Bob ~ Great video and so tru. Thanks for sharing with Ar & the rest of the world.