Foreclosure in Anthony>Question Details

Whatnow, Home Buyer in Franklin County, PA

I had high bid on a bank owned-2nd bidder got to bid again, not me. WHY???

Asked by Whatnow, Franklin County, PA Thu Jul 23, 2009

I was working with a realtor.

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3
Whatnow:

It usually has to do with the overall quality of the offer, not just price. If multiple offers come in, we sort them in three piles: (1) Cash, (2) Conforming and (2) FHA or VA. Our sellers typically want us to counter the cash offers first, then conforming offers with the highest down payments and lastly, FHA. IF they counter at all.
0 votes Thank Flag Link Thu Dec 10, 2009
Maybe bad choice of realtor. ??
0 votes Thank Flag Link Thu Dec 10, 2009
Whatnow,

Probably a question best referred to your agent since they know your situation best and have direct access to the listing agent as a source for information from them.
0 votes Thank Flag Link Thu Jul 23, 2009
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