Originally Posted by Orlando MLS

On a slightly different subject here.

I won't mention names because I do a lot of business with this Lender. But there is one lender that requires clients to be pre-approved through their lending institute before they'll even consider an offer on their REO properties.

I don't think this is even legal...but I've run across the same problem three times in one month and it makes it real tough on my clients. Particularly because this lender has traditionally worked with all A Paper buyers. Nonetheless, there is not a darn thing I can do about it. I've tried every which way to get around it, but they just don't care.