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91731 : Real Estate Advice

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  • Local Info0
  • Home Buying3
  • Home Selling0
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Activity 3
Tue Mar 30, 2010
Silvia Sanford answered:
Hello please e amil me directly at silvia.sanford@yahoo.com and give me the adress.'
'Silvia Sanford-Santiveris
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Tue Sep 1, 2009
Jose R. Reyes answered:
Many times you'll never hear any response. Properties are being hit hard with multiple offers right now. The banks are usually only looking at the top 3 offers and disregard all others. Of those 3 top offers, they may hear the YES or NO. All the other offers many times get thrown on a pile and never get any attention what so ever. Usually the REO agents don't take the time to call or e-mail the 20 other offers that weren't strong enough.

JR
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Mon Aug 10, 2009
Cami Pinsak answered:
Hi Looking,
There definitely is a way to know if that primary offer has fallen through. When you submit your back-up offer, have your agent submit the CAR form P.A.A. This is an addendum to the purchase agreement. There is a space on the second page that contractually indicates that you are back up offer # _______(fill in the blank). We use this when we make offers on properties and also when we accept offers on short sales as so many fall out. It helps everyone to know exactly where they are.
Good luck. I have purchased both of my homes by being the back-up offer! So many escrows fall out these days - it is a smart strategy.
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