Comments on: REO Banks Dumping Foreclosed Properties

By: Scott Ficek

Scott Ficek — Tue, 24 Aug 2010 02:51:45 +0000

It depends upon how long they have been on the market, but 55% of list is pretty low.

By: Dee

Dee — Mon, 23 Aug 2010 14:20:24 +0000

Reference to the above comments. I’m intersted in buying an apartment listed for $60 K. I would like to make a cash offer, something like $35-40K, the community has several empty aptms and they are almost all listed for $60K. Do you think that would be reasonable for me to make that offer? / Do I have chance of getting it?

By: Scott

Scott — Tue, 23 Dec 2008 14:58:58 +0000

We are seeing the same thing in FLA accept not the freezing part of course! the vacant homes are becoming moldy in the heat without the realtors or owners setting the temp to room temps.

By: Ed Kohler

Ed Kohler — Sun, 21 Dec 2008 23:52:49 +0000

That’s impressive. It’s great to see some liquidity in the system for a change. I imagine the banks would rather have cash than carry properties on their books for yet another year.