Would you do business with this bank (PAS) Wells Fargo Home Mortgage?Letter from Bank on an Offer I made on a Forclosed Property: Multiple Offer Disclosure "If you fail to execute and return this document, we will not consider your offer." Dear Buyer: We are involved in a multiple offer situation on the above property. Premiere Asset Services ("PAS")... | |
yes, I would. This multiple offer disclosure is typical of most banks. Sometimes, the form is given up front before there are multiple offers.
Banks are losing 10k's to 100k's on every house they have to foreclose on and sell. Of course they want to get the most they can for each one. It's fair. A house is worth as much as you want to pay for it, and if you're will to bid up on, apparently it's worth that much to you otherwise you would have moved on to another.
