Busy summer! whew seems it just started and when I turned around and July was half over! I have not had time to post here often enough and lately not even time to read the posts placed by others. I guess that is a good problem to have. Not all work though. Had a daughter graduate High School and we're busy getting her ready to head off to college in the fall and all the little things that have to happen to make that happen. Business has been good, not heavy just steady enough to keep me busy and pay the bills. Buyer's seem to be coming back out looking I have shown more in last week than in last 2 months. Sale prices are not dropping as fast, distressed properties are selling for less for 2 reasons there is more of them to choose from and  asset managers want an abbreviated sale time and are willing to drop the price to achieve this. Overall most REO sales are not a true reflection of a properties fair market value but of a motivated seller. Any thoughts? I have noticed the price per sq ft has dropped significantly in our area even for good condition owner occupied properties. Some good bargains out there for the 1st timer looking to stay for put 5-10 years and put in a little sweat equity. Most REO companies I work with are starting to realize that they have to at the very least have working utilities to make these properties appraise out for loans a few still stick with AS IS period. Things may be looking up in this area although foreclosures are still high and not all have hit the market as of yet.

Another thing that intriques me- why is it when I tell buyer's it is a forclosed property they want to know the name of the Bank? Why? and what difference does it make?

What are your areas looking like- are folks out buying again? or is it still fairly slow. Just curious.

HAVE A BLESSED DAY