To add insult to injury, the new buyers, Mr. & Mrs. C just got turned down for their cash offer after having been notified that they were in multiple offers.

What will be interesting is how the buyer they have accepted plans on getting a loan with the owner/occupancy rate. Perhaps, they too offered cash but my guess is that the listing agent didn’t bother to read my note and the bank certainly is unaware.

This saga may go on for some time.

Glad to see you over here at Sacramento Real Estate Voice and offering validity to this article. I enjoyed working with you and would love to do it again.

We remember this too well. We were there! We loved this condo, but we were not able to close the escrow. It was a full 5 months after the offer expired before BofA was willing to even talk to any of us. By then it was too late. We had found, purchased, renovated and moved our son into a different unit in another complex.

You did a fantastic job and pushed as hard as you could to make the bank take notice, but they simply chose to wait it out and try the foreclosure market instead. Now they’ve ruined the value this unit, and are continuing to hurt the surrounding market as well.

Thanks for writing the article. Hopefully it will open some eyes and help prevent this from happening to others.

Mr. and Mrs. K

This is an example of what all of us suspect and believe we know but usually have no proof and this time, they have been caught red-handed at their stupidity.

It’s time for the banks to get out of the business of real estate and leave it to the professionals who know how to sell and close.

With our help, they wouldn’t lose as much as they have. When do you think they will begin to become enlightened?

As I’ve been saying for ages, Banks do not know how to sell real estate.

Lenn