How Long Will It Be Until The Banks Open The Flood Gates. Banks are holding back bank owned properties to keep property values from plummeting. By hold 70% of the bank owned foreclosure off the market, the banks are slowing the depreciation of American home prices. The inherent problem is that the pipe line is filling faster than the bank owned properties are selling. By controlling the Real Estate market bottom, they are limiting the lose that they getting from the foreclosure crisis. I do see the dike springing a leak and the release of many bank owned properties are going to make a buying Fiorenze from the great deal we are going to see. I don't see prices of the foreclosures getting that much better, but the amount that is going to be sold will affect the median home price to drop. The fly in the ointment, the banks protecting the price market by not granting as many loans. So, does the government keep giving them money, while they are manipulating the housing market.
Only time will tell.
For a list of Foreclosures in the Kissimmee and Saint cloud, Florida areas, Contact the Resident Team by clicking the link below.
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