Many REO Agents have hundreds of Listings for many Banks and are just to busy to deal with a Buyer.
As far as your encounter; please do not draw conclusions based on one deal.
Use your Buyer's Agent; that is why you have them.
Good luck and may God bless
The reason a listing agent for a short sale might not return your reply is because they have an offer into the bank. Any more offers may only delay the process. The reason the price was increased is because the bank rejected the offer or countered it at a higher price. I do not condone the agent not returning messages just offering a possible explanation. I would suggest before writing an offer on a short sale your have your agent research the situation first. It may save you a lot of frustration later.
You should be represented by your REALTOR. they will ask the questions.
Now the LIST price of most Short sales will be the MINIMUM the bank will take. Not saying the BANK will accept your offer and may come back or counter at a higher amount.
Also banks will keep accepting offers on a house untill they get what they want. and my never counter a low offer or even respond to a low offer. Just the way it is
Some times Realtors who list short sales, list for much less thent the bank will accept, just to get offers in.
banks do need your
- written offer,
- copy of certifed EMD
- your proof of funds, or
- Prequal letter from you bank,
- Arms length Transaction form. - Your not related to seller, your Reltor is not related to seller
- Your verification that you will LIVE in that house is a big plus