Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

Representing the Bank

  I am a realtor representing a seller who is a bank. They received an offer the day after listing the property. They rejected the offer and requested the property remain on the market for 10 days, then tell all those making an offer to bring their highest and best. Is this legal in New York State
 
  Like any seller, the bank can do whatever they want with offers, as long as they don't violate fair housing laws.  Frankly, from what I've been hearing, it can be frustrating to deal with bank-owned property, so I'd just advise patience.
    Edith
Originally published on June 6, 2008
 
    Back to Summary