Bank Repo's Are They The Best Buys? Somethings To Consider

I have seen hundreds of bank repos sold, then shortly there after the house next door goes up fo sale at a better price. Some due to job loss, some due to health, some just to move away. No matter what it is the question is: Are bank repo's the best buys? Bank owned properties some times go to auction. They are sold-well they get bids and we are told they are sold, but the bank does not except the bids! you know the ones then the realtor gets it back and starts over most of the time the listing price is less. As I watch all this mess going on questions like, is this the best time to buy?, are the banks going to ease up on loaning money? With so many houses on the market how come some banks are still funding new housing projects? Will the money we are giving to the banks end up helping people who need help? Are realtors doing all they can? Are banks doing all they can? Are the cities, county, states doing all they can? Why are the renters booted out of houses when they were paying rent it's not thier fault the home owner was not paying the banks?

It is time for family and friends to work together. You have seen how hard it is to get a few people to agree on what to do! Think of how hard it's going to be to get nations around the world to agree on the hows and whats we need to do. I don't have the answers but I do know we all need to work this out as a team. No one single act will fix this.

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