Thanks for the reply, but..

来源: bumbumbum 于 2011-01-05 13:54:17 [] [博客] [旧帖] [给我悄悄话] 阅读数 : 0 (465 bytes)

You are saying banks don't necessarily have to recoup the amount owed to them. That explains a lot.

When you say "the local agent who handles the property has huge influrence on the price.  (This is where you can get good deal from insider.) " I am unclear what this means. When the properties are auctioned off publicly, doesn't a bank rep participate in the bid?　How do you get good deal from insider? Or are you talking about the REOs?

所有跟帖： 

• most foreclosue properties are unsold at auction due to the risk -planotx- ♂ 给 planotx 发送悄悄话 (926 bytes) () 01/05/2011 postreply 17:13:29

• Thanks! can you please check your QQH? -bumbumbum- ♂ 给 bumbumbum 发送悄悄话 bumbumbum 的博客首页 (0 bytes) () 01/06/2011 postreply 10:54:25

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