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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (533406)11/30/2009 1:43:37 PM
From: bentway  Read Replies (3) of 1574649
 
Asstalker, banks HATE to own properties. As a guy who's made a few bucks taking them off the banks hands at steep discounts, I know and profit from this.

Most of the time, even if the bank takes a haircut, it's always better for them to have a chump in the properties making payments. ESPECIALLY in a market like this, where the banks have tons of properties already depreciating in their inventories, a huge number of which are kept OFF the market to prevent further depressing values.
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