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Bank-Owned Homes

By
Home Inspector with B4 U Close Home Inspections

  As we enter the new year of 2009, we find a glut of bank-owned homes clogging the real estate market. The pretty houses sell quickly for almost full price, but the dogs just sit on the market and rot.

   Nothing good ever happen to a vacent house.

   Yes the bank will eventually sell these houses for a fraction of their former value, but we simply do not and can not know when the banks will decide to get real with the price and begin negotiating in the real world of the much lower prices.

   So timing is everything and keep trying.

Comments (1)

Mike Saunders
Retired - Athens, GA

Mike - you are right, the gems go quickly, and,  to some questionable tactics that push the edge of then envelope.

Feb 05, 2009 11:31 PM