Raymond E. Camp, Licensed Real Estate Salesperson Greater Rochester (Howard Hanna Real Estate Services)

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Rainmaker
3,211,890
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 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
1,514,955
Mike Cooper, GRI
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
3,147,359
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Sounds like a little 'insider trading' to me!

Apr 08, 2019 09:03 PM
Rainmaker
4,830,049
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

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

Apr 08, 2019 04:52 PM
Rainmaker
5,218,287
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The agent was prepared. 

Apr 08, 2019 04:32 PM
Rainmaker
724,584
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
2,935,005
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill 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
Rainer
404,030
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
2,679,747
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

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

Apr 08, 2019 08:28 PM
Rainmaker
1,551,335
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

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

Apr 08, 2019 07:01 PM
Rainmaker
1,204,273
Ryan Huggins - Thousand Oaks, CA
www.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
719,113
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

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

Apr 09, 2019 06:49 AM
Rainmaker
672,722
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
3,129,591
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
435,789
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
1,931,321
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
4,273,435
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
218,971
J.R. Schloemer, CRS
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
Ambassador
1,596,458
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
72,512
Dario Ferreira
Attleboro, MA
Internet Marketing

Insider information.

Apr 08, 2019 04:08 PM
Rainmaker
271,039
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
Rainmaker
2,753,927
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Oh, come on.  You know how that happens. 

Apr 09, 2019 06:47 AM
Rainmaker
2,923,998
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's 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
1,495,428
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

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
736,836
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
2,852,184
Richard Weeks
Dallas, TX
REALTOR®, Broker

Debe Maxwell, CRS has your answer

Apr 09, 2019 04:05 AM
Ambassador
4,004,547
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Someone have inside info and influence?

Apr 08, 2019 09:11 PM
Rainmaker
994,204
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Michael Jacobs has your answer.

Apr 09, 2019 05:18 PM
Ambassador
3,023,966
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

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

Apr 09, 2019 06:47 AM
Rainmaker
2,413,648
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
3,895,715
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

They already had the buyer ready to go.

Apr 09, 2019 07:16 AM
Rainmaker
975,608
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
640,995
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
4,000,955
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
3,036,643
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
1,511,608
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Sounds like an inside job?

Apr 10, 2019 08:19 AM