Special offer
Raymond E. Camp

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Rainmaker
4,572,117
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Ready and fully prepared makes a difference.  Other factors come into play too.  All is not necessarily fair in love and war nor in bank-owned real estate.  

Apr 08, 2019 05:06 PM
Rainmaker
1,751,029
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

The listing agent the bank hired had a buyer on the hook. 

Apr 08, 2019 04:49 PM
Ambassador
5,229,945
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Sounds like a little 'insider trading' to me!

Apr 08, 2019 09:03 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

if someone knew it was coming on the market, I could see that happening...

Apr 08, 2019 04:52 PM
Rainmaker
7,835,407
Roy Kelley
Retired - Gaithersburg, MD

The agent was prepared. 

Apr 08, 2019 04:32 PM
Rainmaker
911,228
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Investor with inside rack, or friend of relative of owner has been tracking it.

Apr 08, 2019 04:24 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It's possible agents were alerted to the fact that the property was about to be listed. Agents often call me to ask to let them know if I'll have a certain kind of listing coming up.

Apr 09, 2019 04:09 AM
Rainmaker
536,943
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

The agents know when these are coming. They are ready with a buyer lined up.  

Apr 08, 2019 08:49 PM
Rainmaker
4,160,356
John Pusa
Glendale, CA

Raymond E. Camp most likely listing agent had the buyer before listing the property.

Apr 08, 2019 08:28 PM
Rainmaker
2,390,549
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Sounds like an inside job to me Raymond E. Camp .

Apr 08, 2019 07:01 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Probably some game being played or the agent found their own buyer.

Apr 08, 2019 04:22 PM
Rainmaker
1,196,798
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

Funny how that happens. It's a miracle!!! [sarcasm] 

Apr 09, 2019 06:49 AM
Rainmaker
1,052,196
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

The listing agent had put the word out that it was coming on the market. A buyer's agent had a contract written with all required paperwork ready to go. They immediately submitted it and went to view the home. The asset manager was available to accept the offer. I also suspect that the agent that pended it in MLS did not yet have the signed paperwork from the seller but the offer has been accepted verbally.
That's one scenario. I know with OREOS I've worked on, while preparing the property pre-market, bank would direct calls to us from agents who knew a neighbor and did a little research.

Apr 09, 2019 04:27 AM
Rainmaker
5,216,381
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

And you think there are only leaks in politics!

Apr 09, 2019 04:22 AM
Rainmaker
679,404
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

Maybe there was inside knowledge ... 

I don't remember a Bank ever moving that fast.

Must have been what Michael Jacobs said.

Apr 08, 2019 08:01 PM
Rainmaker
2,241,011
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Back in the 1980's FmHA foreclosures used to hit the market two and three at a time on the same day. It was first in with the paperwork got the sale so just knew which ones were getting close in your gut instincts. Line up your buyers and prepare them to drop everything when you get the call and be ready to tour, put in the contract ASAP. It was a race and a kick to get all three or however many came on the market and to do it by 5pm when the USDA closed. Or to camp out for the next day to be the first when the office opened to get it under contract. You studied home coming up like a police stake out... you noticed when lock box came on front or side door and alerted your buyer to be on red alert... we are getting close. The successful buyer often it fixed up, we flipped the home and waited for the next one. It was all before "flip this home", long before the 3 word term became a Hollywood reality show series.

Apr 08, 2019 06:25 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Raymond,

I agree with Michael Jacobs assessment.  A

Apr 08, 2019 05:17 PM
Rainer
427,257
J.R. Schloemer
Kentucky Select Properties - Louisville, KY

We had one here that was highly desired and had been anticipated for sometime. It came up and then was gone about the same amount of time. Come to find out they took a bid from 6 years prior when the property was on the market/auction site.

Apr 08, 2019 04:59 PM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Somebody robbed the bank and stole the listing?

Apr 08, 2019 04:25 PM
Rainmaker
289,719
Dario Ferreira
Attleboro, MA
Internet Marketing & SEO

Insider information.

Apr 08, 2019 04:08 PM
Rainmaker
628,764
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

It may have been on the bank website prior to going into MLS?

Apr 08, 2019 04:04 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Oh, come on.  You know how that happens. 

Apr 09, 2019 06:47 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

EASY... I list and sell bank owned property and it is common for this to happen. When i get assigned the listing, it is a good 30 to even 60 days before they set a price. During the time it is cleaned out and the bank makes sure there is clean title, i bring my cash buyers through. I let them do their due diligence, get their estimates and be ready when the bank sets a price. So say 2 months from now the bank sets their price, my cash buyers know to come in with their highest and best cash offer with no contingencies. Offers all get uploaded at the same time and the bank accepts one within the hour. Therefore the bank is happy, the asset manager is happy, the home will close in 7 days and i will be assigned a new REO listing. 

Apr 09, 2019 05:42 AM
Rainmaker
1,844,271
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

pocket listing ... we have rules here about 7 days on the market here. I'm sure it's observed in your area also. It's the listing agent ....

Apr 09, 2019 05:14 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

There are many ways.

One is simply being connected.

It often requires COURAGE to connect with those who can get things done.

Be aware, we know nothing of the situation or the agreement between asset management and agent.

What we do know is the 'Sandbox rules."

So, you think someone is not playing fair.

What is often said about life?

Apr 09, 2019 04:49 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

Debe Maxwell, CRS has your answer

Apr 09, 2019 04:05 AM
Ambassador
6,393,154
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Someone have inside info and influence?

Apr 08, 2019 09:11 PM
Rainmaker
2,220,323
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Michael Jacobs has your answer.

Apr 09, 2019 05:18 PM
Rainmaker
4,272,548
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 I’ve always wondered the same thing and I believe it might be gremlins ...

Apr 09, 2019 06:47 AM
Rainmaker
2,781,153
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I have seen this throughout my life. It supports the who you know quite well

Apr 09, 2019 08:49 AM
Ambassador
5,048,883
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

They already had the buyer ready to go.

Apr 09, 2019 07:16 AM
Rainmaker
1,239,801
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Formality. Already offered from back door.

Apr 09, 2019 06:55 AM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Someone was ready to pull the trigger!

Apr 09, 2019 10:19 AM
Rainmaker
5,868,472
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Maybe the listing agent already had a buyer on the hook.

Apr 22, 2019 03:32 PM
Rainmaker
4,936,033
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

The fix was in with someone there.

 

Apr 10, 2019 04:30 PM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Sounds like an inside job?

Apr 10, 2019 08:19 AM