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Thursday, August 16, 2012

Wells Fargo REO Off Limits to Bank of America Employees?

Just saw a listing in MLS that says the house is owned by Wells Fargo Bank, but in the remarks it says:

"Bank of America, N.A. employees and employees' household members (including persons deriving their primary means of financial support from a Bank employee) and business partners of the Bank are prohibited from purchasing this property, whether directly or indirectly."

That's weird, huh?   Public records also show Wells Fargo as the property owner.  I wonder if the listing agent meant to say that Wells Fargo employees are prohibited from purchasing the property.  Or does Wells Fargo not want Bank of America employees buying Wells Fargo REO properties?

#TooBigToFail  #ThingsThatMakeYouGoHmmmm

Posted by Shannon Hubbard, Arizona Real Estate Agent on August 16, 2012 | Permalink

Comments

Thanks a lot for the post.Much thanks again. Much obliged.

Posted by: Troy D. Elder | Jan 31, 2013 5:43:01 PM

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