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.
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