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- 给 meowi 发送悄悄话 (0 bytes) () 10/19/2012 postreply 09:12:11

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

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

不是有rumor说银行可以从政府拿补贴吗?hold房子就可以继续拿政府补贴 -canyonbear- 给 canyonbear 发送悄悄话 (167 bytes) () 10/19/2012 postreply 10:59:15

我觉得银行不可能有大量的distressed properties -investor50- 给 investor50 发送悄悄话 investor50 的博客首页 (65 bytes) () 10/19/2012 postreply 09:16:43

Just ask your agent to check your -392- 给 392 发送悄悄话 392 的博客首页 (37 bytes) () 10/19/2012 postreply 09:19:42

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