short sales: I am so Frustrated!
- 08/17/09 09:04 AM
Maybe I'm just stupid but I know for sure I'm frustrated..... Banks made loans to people who couldn't afford them so houses were selling like hotcakes which drove the prices up. Then people are losing their homes and short saling their homes because they can't afford the mortgage payments. Banks are saying no to short sales because they want more money. They're not getting any offers because they won't loan money to anyone (well, almost). Houses are being foreclosed on and sent to auctions. Banks have reserves on them, they don't sell because the reserves aren't met. Now the banks put the … (5 comments)
Maybe I'm just stupid but I know for sure I'm frustrated.....;)
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;)
