market trends: Why Banks are Un-Cooperative on Short Sales and Foreclosures
- 07/23/09 09:58 AM
Dishonesty in Short Sales and Foreclosures Wondering why banks are so un-cooperative on short-sales and foreclosures? Why does it take 3 months or more to get lender approval of a great cash offer on a short-sale? Follow the money! Sure, some properties are moving thru the pipeline, but only enough to avoid charges of obstructionism. Lenders must appear to be cooperative, but the backlog (with the complicity of government) is still horrendous. Follow this example - if a loan on a 100K house goes bad and the house is sold for $60k the bank loses $40k. That's not the worst part. … (0 comments)
market trends: Brevard Inventory Disappearing Quickly!
- 07/03/09 02:32 PM
Brevard Realtors have reduced the inventory of homes and condos to less than 30% of the highest inventory levels in 2007! See Brevard Market Trends. In each category we are nearing a balanced market so long as the banks do not dump a wave of foreclosures, which they are strongly incentivized not to do. Call for details of my research. … (0 comments)
Dishonesty in Short Sales and Foreclosures
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