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I'm incensed! Twice today, I was nearly rebuffed by two agents whom I called when I tried to submit my offers. The first one was an REO. She said she already received an offer last night, and another one this morning --- as if two was enough. She tried to discourage me from submitting an offer since she thought the ones she had were ...

I submitted an offer on a short sale listing last week. I thought it was a strong offer --- full price, 10% down payment, 1% initial deposit, AS IS, standard contingency periods. When I followed up with the listing agent to find out what the seller would like to do --- accept, counter offer or reject --- it appears she bypassed the seller. She ...

As of today, in our local MLS. there are 12,041 active listings of which 2636 are REO (bank-owned) or 22%, and 2852 are short sales or 24%. Siince January 1, 2008, 1151 REOs closed, compared to 102 short sales. Because of the painfully slow process of getting an acceptance, rejection or counteroffer to a short sale offer, I am more inclined to ...