In one of my latest home sales, I had some bizarre issues with a REO regarding per diems and funky delays. I hope this quick tale spares someone else out there a bit of grief.

Fearing that the problems would escalate if we didn\’t proceed with the offer, we kept up our part of the offer on the cabin. Thank goodness for my experience in situations like this. From having dealt with situations like this with clients of mine before, I know that it is best to stay calm, keep up your part of the deal, and not to get worked up about the bank.

As long as we can show the delay is not of our making, we can get out of paying the per Diem. I made sure our inspections were all done within 10 days and I made sure the listing agent had the termite inspection done also. Since my buyer is paying cash, the appraisal was not an issue. On a property where the buyer is getting a loan, you need to be on the phone with the lender every step of the way to get the appraisal done before the contingency period is up.

You don\’t want anything going wrong at the last minute if you can help it. You can\’t always get everything to go the way you would like, but if you do everything you can do, things tend to turn out OK. I always have to remind my clients that most banks don\’t really have any idea of what is going on at any given time. They seem to just flounder around in the hopes something will eventually happen.

It hasn\’t been uncommon for me in the last few years to witness banks doing something that is just out of sorts. You will rarely find a bank transaction that actually goes all the way through the process without a glitch. The key it to hire a bright, informed realtor to help you have a successful experience.

Author Info: D. Thuster has much experience shopping Big Bear, CA foreclosure deals plus Big Bear realty overall. Read his other articles on the internet.