Re: banks & foreclosures
Posted by Josh on October 08, 2004 at 02:30:08:
In Reply to: banks & foreclosures posted by d. little on September 29, 2004 at 00:02:43:
Banks are in the money business and not the real estate business. They would prefer to have a performing asset (you paying your mortgage) than a foreclosed home on there books. A bank’s lending limit is determined by the ratio of good vs. bad loans they have on the books. So that is why they will sometimes settle for a loss on a short sale.
- Re: banks & foreclosures - d. little 00:14:16 10/12/04
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- Re: banks & foreclosures - d. little 23:59:25 10/11/04
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- Re: banks & foreclosures - d. little 00:08:09 10/12/04
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- Re: banks & foreclosures - josh 08:17:44 10/12/04
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- Re: banks & foreclosures - josh 08:17:44 10/12/04
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- Re: banks & foreclosures - d. little 00:08:09 10/12/04
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