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I have cash, why can't I buy a foreclosure?

This is a discussion on I have cash, why can't I buy a foreclosure? within the Managing Director forums, part of the Singapore Jobs - Top Executives (CEO / CFO / CTO / GM / MD etc.) category; I am trying to buy a foreclosure in the Atlanta area, I have my own buyers agent, every time I ...


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Old 09-02-2012, 01:22 AM
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Default I have cash, why can't I buy a foreclosure?

I am trying to buy a foreclosure in the Atlanta area, I have my own buyers agent, every time I submit an offer I never hear anything back, my agent calls and they never respond. One property I recently made an offer on, the listing agent told my agent the asset manager is not responsive, 5 days after I put my offer in they lowered the price, we still have not heard anything about our offer. I called the listing brokerage today and gave a different name, they offered to show me the property and said they have no offers on it. Is this common? Is the business this crooked? Do they not want to split the commission with the buyer's agent? Someone help me out here, I am ready to go to the listing agent's office and ask what it will take to buy this house!


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