Las Vegas Real Estate Update-Where are all of the bank owned properties?
Posted by admin in Finance Sunday, 27 June 2010 22:18 6 Comments
Las Vegas real estate agents Steve Hawks and Kendall Trotter answer the question: “Where is the flood of foreclosed properties that are supposed to hit the market”? Due to a change in the banks accounting method for their assets (foreclosed proerties)….it may be a while….. Here’s why.
The banks are not to flood the market and destroy value for themselves.
This clip explains a Menge.Ich was also having difficulty, a bank REO on the market. I made cash offers in 6 properties through a traditional broker. All products were at least the asking price, and it was $ 12K over asking price. All my offers were finally went abgelehnt.Ich to the trustee sale held at the Nevada Legal News building. They sell some 500 objects on any weekday at the sale in an auction-style format. I found what I have been there.
So, let’s see if I have this right. A bank that has a house, took it back because the loan holder failed. If they sell the house, she would get 100K. But because they will not sell, they can say, it’s worth 300K.Boy really do not see Probleme.Also using the same logic, I can tell my wife that I drive the Pontiac shit that leaks oil, and has body damage is really a top of the line BMW.
Your site is great! You have very useful stuff here, I`m waiting for oder real estate articles
Your site is great! You have very useful stuff here, I`m waiting for oder real estate articles
Your site is great! You have very useful stuff here, I`m waiting for oder real estate articles