NOW I’VE SEEN EVERYTHING…

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One of the other agents in our office is working with a buyer that is purchasing an REO from… hmmm… let’s change the names to protect the idiotic… let’s call them “Big Bank in America”. Anyways, the person that signed on behalf of the seller does not show up on the “authorized to sign on our behalf” list, which was provided by the seller’s title company. The buyer’s lender obviously wants to know that they have a valid contract, so when they questioned this and said they needed to see a more updated list that includes Joe Signer as authorized… this is the response that came from Joe Signer:

“That’s not going to happen. You act like I can just add my name to the list. The list is very controlled and I am not authorized to be on the list. My closing officer is and that should be sufficient for the underwriter. Who honestly I don’t think know what they are doing. I’ve never had this issue persist. If the underwriter balks then the buyer will have to find another lender who underswtands REO property signing authority.”

Yes, that’s a direct quote out of “Joe Signers” email. He actually says “I am not authorized to be on the list” which would be the list that says whether you are authorized to sign contracts on behalf of the bank… which is the exact point we brought up to start with…

I am so glad that we have such competent and friendly people helping our real estate market rebound!

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