Las Vegas Homes, Condos, Land and Commercial Real Estate Blog

My last several months of deals have been all foreclosures; most went well. Not all Las Vegas foreclosure (REO) agents are difficult to work with as long as you know the rules of the game and how to beat those rules. Remember, it is the agents job to work together in order to make sure that a deal successfully closes while they represent and protect their prospective clients. This is not always the case and I have repeatedly written about the difficulty of working with some Las Vegas REO agents. You can see my blog posts below.

Last fair warning to Las Vegas REO or foreclosure agents, I am losing patience

When a Las Vegas foreclosure agent didn’t answer my offer and I found out that the home went under contract with someone else, I reacted once and named the agent in my blog post that was titled

Las Vegas foreclosure (REO) agent who never answered my offer on a Las Vegas foreclosed home for sale he listed

I removed the agent’s name after I saw my post at the top of the Google search result page when you googled his name because I didn’t have the heart to hurt the guy. But there is a difference between not wanting to hurt anyone and getting rolled over. That is not going to happen, I am Masoud after all.

A good, hard working and studious Iowa family man decided to purchase a condo in Las Vegas so they can get away from frigid North East Iowa weather in the winter. Martin flew to Las Vegas last Friday in order to buy a condominium and left on Sunday. This trip cost Martin more than $600. We showed him Las Vegas condos for sale that were in his price range and asked him to pick 3 condominiums that he would make an offer on in order of his preference.

One of the condos that we showed our client was Mr. O.L’s listing. Our client liked it and we took the time to make an offer on this listing and e-mailed our offer to Mr. O.L and never heard back from him.

What I found out yesterday was that we unknowingly showed this condo while Mr. O.L’s listing had gone under contract more than 10 days prior to our showing his listing, but we had no way of knowing this until the listing agent does his job and changes the status of the listing to a contingent sale in the Greater Las Vegas MLS; he did that yesterday. When a Las Vegas property goes under contract, the listing agent has to change the status of property in the MLS so everyone would know.

Had we known that this condominium was under contract we would have told our client and he wouldn’t have wanted to see it.

On the day that we showed this condo my wife had to call O.L because the condo was in a gated community and he didn’t provide a gate code. Karen told him that we are showing his listing and gave him the address and told him that we needed the gate code. He had an excellent chance to tell us that this listing was under contract. Instead he told us that he didn’t have the gate code and the gate code is not in Las Vegas MLS because Countrywide doesn’t allow it. Try to sell a condo and then make it very hard for the buyer’s agents to show it, then cut the price further until it sells. America, this is what’s happening to your tax money.

So unfortunately, we showed this North West Las Vegas condo and Martin decided to make an offer on it. While we were waiting for an answer on this condominium, our client’s second choice went under contract also; he is not sure about the third choice. My client wasted a trip because of this, this I don’t forgive!

Why three condos when he only wanted to buy one? Because we are well versed in dealing with bank foreclosures and REO agents and know how they operate. The only way to beat banks at their own game is to make an offer, give them a 3-5 day deadline and wait until the deadline and make the next offer and after the deadline for the second offer passes, make the third offer. This way the buyer doesn’t have to wait for weeks to get an answer for their offer. If their offer is rejected, then the customer hasn’t wasted a long time to make the next offer.

Seems like arrogance is contagious and some Las Vegas REO agents think they are above Nevada law and rules and regulations of the Las Vegas MLS because they represent the bank.

I e-mailed O.L twice prior to calling him and asked for an explanation, no answer. I gave O. L every chance to resolve this. When I called him he hung up on me and e-mailed me that he never received my offer and that “ If you call me screaming and yelling like you did today…Trust me, I will always hang up on you or anyone that don’t know how to be proffessional on the phone.” and “Be polite…. screeming never helps.”

If this guy is the definition of professional, how could I stray?

I wrote him:

“I forwarded you the e-mail for the offer so you can see that it was sent on Jan-27th, I don’t believe that you didn’t get it because it never bounced back to me”

This blog is the rest of my answer.

At any rate the issue is that his listing was 2 weeks under contract and he didn’t change the listing status in the Las Vegas MLS that all Las Vegas Realtors have to rely on.

What the arrogant Mr. O. L. doesn’t know is that all I have to do is to publish the result of the complaint which I have initiated against him because it is public record and he can kiss any future customers that Google his name goodbye because what I write about will be at the top of the result page for his name. Just like the two above links are 1 and 2 for (Las Vegas Reo agent) and the article about (Las Vegas REO agent never answered my offer) is the third link for (Las Vegas foreclosure agent), these are far more competitive key phrases than this guy’s name. He is lucky that I don’t use the power that I have because of my belief in our Merciful Creator and mercy, even when the guy has it coming as bad as this guy is.

Sorry Martin, now you know exactly what happened with your offer but now we know what you want and where you want it, we will find a better deal for you.