Real Estate Foreclosure Term Highest and Best
By Tanya Connie, Myrtle Beach Real Estate
(Sun Rise Real Estate )
During the past few years I have represented several buyers who were able to purchase foreclosed real estate in the North Myrtle Beach, South Carolina area. When multiple offers were involved the listing agent's made the request of "highest and best". That was an expected response to the multiple offer situation so I had informed by clients of the possibility. Recently I represented a buyer who, as required to purchase a short sale or foreclosure, became pre-qualified for a mortgage. Based on information given by the buyer I knew that real estate within her price point would probably be a distressed property. Since I am certified through the NAR as a Short Sale and Foreclosure Resource (SFR) I had also registered as an agent with Fannie Mae and Freddie Mac and frequently search thei...