Last week I was representing a buyer, and we made an offer on a bank owned property (forclosure). The list price was $129,900, the bank responded with highest and best bidder. I discussed with my buyer, and she really wanted the home. We offered $115,000 cash, and provided proof of funds. The bank called back 3 days later, she did not get the home.
I am disappointed that some buyers are being misled when purchasing foreclosures. We are all lead to believe that the banks will take anything to get out, case in point; not in this particular experience.
Does anyone have any foreclosure feedback?
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