Hi J.D.... You are lucky the bank and its negotiators even responded to your offer. I lost several perfect homes my buyers wanting to buy at short sale because I could not get the bank to respond to our offer, either by acceptance or counter. This created problems with my buyers because they were not expecting to have to wait months to get through the offer/acceptance phase of the transaction.
Lenders also provide laundry lists of hoops and things buyers are obliged to jump through to complete the sale. Now, when researching properties for my buyers, my first question to listing agent - "is there anything going on with this property that will prevent a quick sale, ie., are sellers in pre-foreclosure." If listing agent answers "yes," I suggest my buyers keep looking. Such are the times in which we live.
Yvonne Baker, Real Estate Consultant
I am sorry that you are running into this problem. If a house is listed in the MLS, there will be a commission paid to the buyers agent even if it's a foreclosure or a short sale. It may be lower than the standard but nonetheless, we get paid and that is no reason for agents not to help you with a transaction that may require more work. Do you have a buyer representation with this agent? You can ask the office broker for another agent to represent you if you don't feel that you are getting the service you deserve.