Quote:
Originally Posted by 20something RE Guy
I asked all of them why the bank would sell a $130,000 property for $81,500.....Banks aren't stupid!
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In many cases they actually would sell a home for more than 50% off..
not very common but with today's market they are willing to negotiate prices way down (yes even in good areas and good condition homes) just to get some money back, better off than waiting, waiting and
and no activity. REO cost people, banks, lenders etc way too much time and money.