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Do I have to call the realtor listed on a foreclosed house, or can I go throgh the bank?
I am interested in buying a house that has been foreclosed. The property is not being sold through m realtor, but my realtor is the own who showed it ot me. According to my realtor, I can't make an offer because someone elses offer already went through. According to the realtor who is selling the house, there have been 2 offers on the house, none of which have gone through yet. Instead of beating around the bush with either realtor, could I go through the bank directly to make my offer? I honestly don't think my realtor has a clue what's going on, and the other realtor could be lying and telling me there were other offers on the house, when really he just wants the commission for himself and doesn't want my realtor to have it.
Maybe if I called the bank and told them the trouble I am having with the realtors, they would give me a clear answer on whether or not an offer was accepted yet.
David- Unfortunately, the bank has no knowledge of my offer because the listing agent told me that 2 other people made offers. For some reason, my realtor and the realtor who listed the property are not working with me to allow me to make my offer.
3 Answers
- David WLv 41 decade agoFavorite Answer
The bank hired a Realtor for a reason - they don't want to have to handle the sale of the house themselves. You have no obligation to continue to work with your Realtor (though the listing Realtor my have an obligation to share a commission, as you were introduced by him/her). The listing Realtor has a legal obligation in most states to present any offer to the owner (bank). If the house is still for sale, the bank will see your offer.
- Anonymous1 decade ago
I would contact the bank directly. It may make the process occur more quickly and it probably won't hurt anything. But the bank might just direct you to the realtor.
- moriccaLv 45 years ago
there is yet an option selection; a; start up paying all your late loans, so as which you hold some credit good. b; sell component to your place to an investor or relative. That way you may convey the money up as much as now and nevertheless stay interior the domicile and the investor features whilst the domicile value is going up in 3-6 yrs.
