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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: koan who wrote (282910)10/13/2010 12:34:26 AM
From: John VosillaRead Replies (1) of 306849
 
Yet novices think they are getting a deal because they get a home in poor condition for $10k under market.... part of what drives folks to these short sales and REO's. A couple of years abandoned in a harsh climate and the repair bill really skyrockets. I am amazed any of these deals close considering who you are dealing with on the bank's side....
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