Losing $189,834.04 in 3 Years

Everyday I show bank-owned/foreclosed properties.  I never think too much about how much money the bank is losing on this deal.  I am just concerned with how to get the best deal for my customers.

If you watch the news, you might be wondering why the banks need the bailout money.  Why are pumping billions into them to take care of these “toxic assets”.  Here is my own personal realization of the money lost.  Read it over at my Saint Paul Real Estate site.

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