Re: banks & foreclosures
Posted by d. little on October 11, 2004 at 23:59:25:
In Reply to: Re: banks & foreclosures posted by Josh on October 08, 2004 at 02:30:08:
: 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 00:08:09 10/12/04
(1)
- Re: banks & foreclosures - josh 08:17:44 10/12/04
(0)
- Re: banks & foreclosures - josh 08:17:44 10/12/04
(0)
