Saturday, February 11, 2012

As far as selling a bank-owned REO property, do the banks generally accept only the HIGHEST qualified offer?

August 3, 2010 by gtsay  
Filed under Foreclosure Properties

Question by Happy day: As far as selling a bank-owned REO property, do the banks generally accept only the HIGHEST qualified offer? Regardless each bidder’s financial condition (down payment amount/ excellent credit score/ contengencies…)? For example: Bank’s target price is 0K. Two offers received from two possible buyers. Buyer A: Offer 2K, 5% down, credit [...]