Posted by Tim Fierro (Tacoma, WA) on March 07, 2002 at 23:12:03:
I have noticed that some of these REOs on the local MLS do have notices with some set earnest money required, and some even require pre-qualification letters. If they require it, they can set this. All you can do is send an offer in without it if you really want it and keep your fingers crossed it will be submitted. If these instructions for earnest money are valid, it won’t be shown to the client, per their instructions. If you have an agent getting you the information, have them get in writing that the REO in question does have this stipulation as part of their listing agreement.