These days it is very hard to win the bid on REO property. Banks are looking for no contingencies, preferably cash and full price offers.
I am sure your agent is doing everything possible for you to get the house. I suggest you either move on or wait another week to see what happens with this one.
Veronika Barash, RealtorÂ®,
CERTIFIED SKILLED NEGOTIATOR
REO & SHORT SALE CERTIFIED
CERTIFIED MARKETING SPECIALIST
Keller Williams Realty Consultants
It can take quite a bit of time for the buyer to get an executed contract back from Fannie Mae. Just because the property is still being advertised, doesn't mean it is still available unfortunately. Additionally, the deal could still be in the inspection/attorney contingency period, or...the listing agent just simply may not have updated the status in the MLS.
If the property was updated to pending, or "contingent", then "reactivated" per the Multiple Listing Service, then it very well may be back on the market for sale. In a situation like this, generally the list agent would update the status in the MLS upon acceptance of the offer, and then reactivated the property due to a various of reasons (most often the buyer walking away from the deal for whatever reason).
Hope this helps!
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyleÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing
Rick Musto, Managing Broker
Buckhead Home Realty