Quote:
Originally Posted by kane
There is a house across the street from me that is for sale by the bank. It was a foreclosure so it is just sitting there empty. They have had three different offers on it. Twice the people buying it got sick of for the bank. The bank accepted their offer and the process started. Two months later the bank still hasn't done anything they need to to so in two of the three cases the people just pulled the offer and bought another house. The third person made the offer and it was accepted then they are in a holding pattern. I spoke to the realtor about a month ago when I saw her out there mowing the lawn. She told me the story of the house. Since then the people haven't moved in so I assume the bank is stalling again.
So clearly they aren't in any big hurry to move these things off their books. If they were it would have been sold six months ago.
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i know.. i am seeing similar things.. the banks don't seem to care and it makes me mad that when regular people get in trouble, the banks have the attitude of "liquidate your assets" yet they dont want to do the same..
in my case, the banks are going to ultimately take a much bigger loss than if they would have just sold to me to begin with at a bigger profit then they are going to get in the end..