Why Did the Seller Not Sign the Counter Offer?

Posted by WILMOTH Group on September 11, 2021
Why Did the Seller Not Sign the Counter Offer?

You may receive a Seller’s Counter Offer with no signatures. These forms are generated by the corporate/bank’s Asset Manager or the outsource company (and often come to the Listing agent as an email attachment). Once an offer is accepted the entire “package” (which may include the Offer as well as Counters, Addendums, copy of the check, et.al.) is sent to the bank for signatures.

Once you are informed that your offer is accepted, it is. (acceptance may be accompanied by the aforementioned worksheet). REO departments and Asset managers give the OK and then go to their managers for signatures.  We realize it is an unusual business practice to agree to offers orally, but corporate sellers often have their own way of doing business and we appreciate your understanding.

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WILMOTH Group is headquartered in Indianapolis, Indiana and Fort Myers, Florida. We focus on providing creative local solutions for a variety of residential real estate needs including, properties for sale, property management services in Indianapolis, and short-term management services in Tampa and Fort Myers.