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I am just saying that on two occasions the agent has said the bank might accept a preauction offer on a mortgagee sale. When I made the offer they always come back saying that they will go to auction....

Hey thanks Mr Quimbie for the response :D I thought that bank wont accept pre auction offers but the agent says that we can put in an offer and its possible that they will accept it. I guess they might be saying this to see what people are willing to offer......

Hi, I was wondering if banks actually accept preauction offers for mortgagee sales or do they just want to see how much people are prepared to offer? Also do agents usually quote the rough estimate of the auction price well below what the property would sell for? Because previously from...