Working with lots of buyers right now. Wrote an offer for one of them again last night.
It's an REO (Real Estate Owned), foreclosed on by the bank last April. Yes, 4/2010! Listed about a year later on our MLS. And now, it's been sitting on the market for almost a month already.
So, we wrote an offer for 90% of list price, asked for some buyer closing costs. AND, it's an FHA loan so there will possibly be some lender required repairs as well.
I checked with the listing agent, no offers on the property. The agent also says the buyer has a better shot at seller concessions if we use their lender. Some 'in cahoots' action going on there, I would presume. I don't rightly care as long as the terms of the loan are the same and we get it closed on time and my clients get closing cost assistance.
So, what cha' think? Will the bank take the offer? Will they be happy that someone wants to take it off their hands? Golly, you would think so. But, as we are all aware, the banks think in mysterious ways!
Cross your fingers for my peeps!
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