Quote:
Originally Posted by Paul Markham
Surprised no builder/developer hasn't snatched it up.
The bank just want to get the debt cleared, which could only be $80,000.
|
Clueless as always.
The bank sets the price at what they are told is fair market by agents who do BPO's as well as the REO agent and then adjust down until they are able to unload it.
The bad note on that house could have been $4,000 or $4,000,000 and it will not affect the price.