no days you can buy REO cheaper than aution

来源: jy101 于 2008-06-06 17:37:08 [] [旧帖] [给我悄悄话] 阅读数 : (233 bytes)
回答: No, preforeclosure stage is not good for you 由 miat42 于 2008-06-06 11:29:29

banks usually buy their foreclosures back at their book value, and then relist them as REO, if the properties sit on the market 30, 60 or 90 days, they will began to discount them, like Bro Miat say, 70% discount is not unheard off.

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