In my understanding, distressed properties ARE those that

are either delinguent or already REO.

Either way, banks are lossing their shirts. Not only they are not receiving any payments, they HAVE to pay property tax! Otherwise cities will seize them!!!

 

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So why do they want to hold? 08 is good to bankers? -meowi- 給 meowi 發送悄悄話 (0 bytes) () 10/19/2012 postreply 09:12:11

That's a million dollar question. I wish I know the -392- 給 392 發送悄悄話 392 的博客首頁 (22 bytes) () 10/19/2012 postreply 09:18:59

would that be your mistake? Banks do not have large amount of di -meowi- 給 meowi 發送悄悄話 (0 bytes) () 10/19/2012 postreply 10:14:22

不是有rumor說銀行可以從政府拿補貼嗎?hold房子就可以繼續拿政府補貼 -canyonbear- 給 canyonbear 發送悄悄話 (167 bytes) () 10/19/2012 postreply 10:59:15

我覺得銀行不可能有大量的distressed properties -investor50- 給 investor50 發送悄悄話 investor50 的博客首頁 (65 bytes) () 10/19/2012 postreply 09:16:43

Just ask your agent to check your -392- 給 392 發送悄悄話 392 的博客首頁 (37 bytes) () 10/19/2012 postreply 09:19:42

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