|Email Address:||Bill ******@***.net|
|Subject:||US Bank REO dept url|
I have a client who has a full price offer into US Bank since July 24. We were informed on July 30 that another offer was submitte3d on July 28 that wasw 15k less than ours. Yet the bank has never addressed our offer (my buyer is strong with a 28% down payment, and excellent credit.
Yesterday I was informed that our offer was still on top. Today we were informed that the bank is not considering our offer and (bye bye, so to speak). I asked if the other offer they are considering is higher than ours. The respose was that she things they are talking to a cash offer.
I think they are wanting me to disappear so they can get the property to a friend at a bargain price. There is also a $3000 bonus to the buying agent.
I want to talk to the REO department to confirm that they have received my offers, but I can't find a url. Do you have one that will get me there?
****** ******* ******
I don't blame you for coming up the idea of "plot" in our profession. I have seen it all in my past, even my present. Believe me even God can't do nothing about the reality of Real estate practice, let alone our Congress.
It is true there are a lot of sharks in business, and a whole bunch of wolfs working together in RE. Even at this moment, I still can point out some cases that some loan brokers are still doing the same SUBPRIME loan plots with reputable big bank. They care less about the damages made by the current credit crunch to our economy than their surviving needs. In fact, it is a JUNGLE out there on that justice can't have a say.
As it said: "different days, same old shits." Out there time has been changed, but something (such as "inside trading", "big brothers", still stay.
Here is the information you requested. Please use these two web-links.
Also, there are US Bank's mailing address:
U S BANK TRUSTEE
60 LIVINGSTON AVE
SAINT PAUL MN 55107-2292
US BANK NA TRUSTEE
3476 STATEVIEW BLVD
FORT MILL SC 29715-7203
I just pull them out of my file so that I am not sure they are working or not. In addition, it seems to me all the banks are lazy so that they don't spend time to improve their computer, communication or filing system. They don't improve the effectiveness so that their right hand doesn't recognize their own left hand. They don't care to let you catch 22. So expect you are getting nowhere and nobody is taking care of the shop. Don't expect too much from a conservative banker, he is just a 9-5 employee if not a bureaucrat, let alone she is an entrepreneur.
Wish you a good luck in this situation, even I really doubt on "Justice shall prevail and overcome the tyranny of status quo".
******* ****** ******
2 Comments on Wish you a good luck, Here are the Reo department web-linKs
As a person who sells REO properties I am always amazed at the opinions of those who know nothing about it. First there is no way a banker told you what another offer was. Second most of the bankers in these departments are emailing me after 9 at night and often on Sat and Sun; so much for your 9-5 job. US Bank is serviced at the address you are referring to but they use an outsourcer; therefore, you addressed your letter to the wrong company exposing your lack of knowledge. The offer as described should have gone to the loss mitigation department not the REO department. The bank employees are not perfect but in may ways they are much more professional than the Realtors I deal with on a daily basis. The are certainly more professional than those commenting on this page.