REOs, Asset Managers, Multiple Offers... Grrr!

I've written in the past about one of my clients who has been making offers on homes in the Anatolia area of Rancho Cordova and getting outbid every time. Well, yesterday was what seemed to be a historic day for both of us - one of her offers was accepted.

Mind you, she's been looking since January of this year.

Back to the story. After getting outbid each time, on new homes and waiting forever on a short sale, today was the last straw. I received a call from an apologetic listing agent saying that no, our offer has been rejected after all. Apparently, the asset manager in the bank changed and someone else took over the files and they decided to go with another offer. This AFTER my client has sent over good faith deposit cashier's check, and I had made an appointment for a property inspection!

In a span of 24 hours, I lost a great, motivated home buyer.

Thanks, asset managers!