I Was Wondering
I am trying to purchase my first property. Well, in the bidding wars, the last time....on this house which is a banked owned. They came back with a noticing saying there are multiple offers on the deal...and that we have three choices.
1) Drop out of the bid
2) stay at our bid which is pretty low balling
3) resubmit a higher offer
Has anyone ever heard of this notice of the bank coming back to you saying there are mutliple offers on the house, and giving this kind of counter notice?
Just wondering, and if anyone had any suggestions on this sort of deal?
Thanks ahead of time!
I've seen this happen before - they are basically at a silent auction now and will take the hightest offer in the next few days.