Asked by sid8uf, Edina, MN • Thu Dec 27, 2012
Looking for some advise here.
I am really interested in a REO property. On 25th Dec 2012, the price was dropped and was well within what I was comfortable with and pe-approved for. So, I submitted an offer at "FULL ASKING PRICE".
The listing agent replied within a few hrs (on Christmas Day, when obviously the bank was not working) saying, "Please ask your buyer not to waste time, his offer is rejected".
My realtor and I both wrote to the listing agent to find the reason but he did not reply or take calls.
1. Is the Listing agent "LEGALLY" required to submit all offers to the bank (especially at asking price) in California State? Is so, could you point to me to the correct legal article or rule that says this?
2. What can I do ? I called the Bank and they would not let me talk to the asset manager and said that the listing agent was the only contact.
Thanks much for your advice.
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