Not All Banks; Don't Play by the Rules A Follow Up

This is a follow up post from yesterday titled Banks Don't Play by The Rules. After reading the comments I received today I decided I better clarify what my intentions really were when I was writing that post. I am not saying that the "banks" or "asset managers" are bad or wrong they are just conducting business differently that we are used to. I was surprised to see the offer come back to my associate with so many sections crossed out. This was unusual. All of the counters I have reived for different baks have been very clean, organized and easy to comprehend by myself and the buyers.

I am sure that this will not be something that we continue to see. All of us including the owners off all the newly foreclosed homes are simply getting our feet wet in doing business together again. There will eventually be a "meeting of the minds" between our people NAR and their people to keep us all out of court.

The most important part we have to remember here is that the buyer must be informed. It is our job to make them aware of what they are getting into and that they still have rights, even in a REO transaction.